Monday, February 20, 2012, 03:05 PM
Posted by Administrator
When I speak/write about Public Speaking, I refer not only to speaking as an expert for a fee, but also the use of Public Speaking as a business marketing strategy. If you have been reading my write-ups on this theme, you probably know this already. Posted by Administrator
Marketing is mainly about communication. The main objective - is to influence the PERCEPTION of YOU, by your audience, in a manner that benefits you. To do this effectively, honing your Public Speaking skills would help you - greatly.
In this issue, I use excerpts from an article I wrote back in 2007, to explain how your public speaking proficiency, used in conjunction with a "Felt-Needs" Oriented Business Marketing Strategy, can dramatically improve your ability to win profitable PAYING clients.
What Is A "Felt Need"?
I first encountered the term "Felt Need" as a student of Agricultural Extension Services in the university. A "Felt Need" refers to a NEED" that is "FELT" - OK, sorry about that :-).
Let me put it this way: A FELT NEED is more compelling, and likely to make the person who feels it TAKE ACTION to address or "meet" it, than a "WANT" would be.
No matter how much a person loves working and/or playing, there will come a point in time that s/he will FEEL the NEED to eat (by way of hunger pangs!) - except of course s/he's "Robocop"! So, when something that we NEED to do(or NEED to HAVE) comes into our consciousness, it becomes a FELT NEED. (I hope my university lecturers find this "explanation" adequate. LOL!)
Applying The Concept Of "Felt Needs" To Business Marketing
I adopted this "Felt Needs" concept in my work, specifically to improve my ability to find profitable PAYING clients for my custom spreadsheet solutions development service. This was back in 2004.
Due to poor awareness of the benefits of spreadsheet programming, I was struggling to find clients. I badly needed to get the serious ATTENTION and INTEREST of my prospective clients(who did not BELIEVE I could help them), to the extent that they would develop a DESIRE to ADOPT the solutions I offered.
I soon realised I needed to find out what issues/problems "troubled" or "limited" or "challenged" my target audience, which they would be GLAD to be rid of or have resolved EVEN if for a FEE.
So I began "studying" the different target groups I believed could find my services potentially beneficial but who did NOT know it. I thought about people who had to handle large amounts of business data frequently for recording, analysis and/or report generation purposes. I identified relevant job titles for different organisational types.
Then I paid some of them visits over a number of weeks, making cold calls, during which time I asked questions(and looked around a lot at records, procedures etc) till I learnt what aspects of their work were most cumbersome and had potential for "improvement".
Using what I had learnt, I re-crafted my Elevator Speech, modified the working of my generic introduction letter template, and updated my spreadsheet solutions development service website (www.excelheaven.spontaneousdevelopment.com) accordingly. Most importantly. I sat down and built a number of small demo applications which catered for some of the "problems" I now knew many of my target audience were likely to NEED solutions to.
Armed with copies of my generic "Intro letter" and duplicated autorun business marketing CDROMs of the demo applications(PLUS my flash drive containing other sample workbooks, video demonstrations etc), I hit the road with new found energy and a greatly improved sense of purpose/direction.
The Results...
It did not happen immediately, and quite a lot of it came only AFTER weeks of heart-breaking struggles refining my approach so as to overcome repeated rejections. But I EVENTUALLY won projects with a hotel, then a hospital, an Anglican church, plus two more hospitals over a course of about seven(7) consecutive months. This was apart from sales of a little spreadsheet application I made to business centers within the same period.
True Story Of How One Client Was Won Using "Felt-Needs" Oriented Marketing
I narrate the story below to illustrate(at least in part) how I employed the felt-needs strategy in a real-life situation. The expectation is that the reader might discover useful ideas s/he can adapt if/when similar or relevant opportunities present themselves.
----------------Start Story-------------
September 2006, I walked into the reception area of a large Lagos hospital, and requested to speak with the accountant. The receptionist called him up on the intercom and passed the handset to me. Using my elevator speech, I explained that I provide MS Excel automation services to help business users get their work done with AT LEAST 75% less effort and in AT LEAST 75% less time than they could using conventional methods, giving examples of other clients I had worked for.
After a few questions, he asked me to pass the phone to the receptionist, and told her to send me to his office in the hospital penthouse at the top floor. The meeting lasted just over 15 minutes. He was really business-like. I had hit on his VERY exposed "felt-need" nerve. He asked to see the demos of past projects I mentioned. I showed him the "Cash Inflow & Outflow Tracker" I built for business centers and the "Restaurant & Bar Manager". Those two were apparently enough to convince him.
Next thing I knew, he took me to a computer used by his assistant, and called up what turned out to be a number of manual MS Excel workbooks used to manage their Cash Books for various purposes (tracking receipts and payments for the main hospital, and also movements to/from the different bank accounts). He told me he felt - from looking at what I had already done - that I would be able to help them automate their manual Excel Cash books to make them (as his Medical Director would later say) "more friendly".
"So how much will it cost?" he asked(a question that often tells me the prospect is to be taken seriously). I told him. We negotiated and came to a compromise. Then he ended the meeting by asking me to send in my proposal with a quote. I did that a day later, and went on to other business marketing tasks with other prospects.
I did NOT hear from him for nearly two months subsequently.
Some weeks after my last meeting with the accountant, my other marketing efforts led me to win a project to build an automated records management system for a hotel, which involved working with the hotel account and the auditor to build an automated Cash Book that generated a trial balance etc.
As I approached completion of the hotel project, I called the Hospital accountant to inform him that I had since gone on to build an automated cash book for another client*. He told me they had someone who was working on an alternative, and as such he would only call on me if the alternative did not work. I thanked him and ended the call.
(I often do this to help clients move closer to taking the decision to buy, as it gives them more verifiable PROOF to assure themselves that I can deliver a solution that meets their needs. It's a VERY powerful aspect of the "felt-needs" oriented marketing strategy because in doing it, you are using the CREDIBILITY factor of another paying client to MOVE a tentative prospect with a felt need close to making the all important BUYING decision. You are giving him MORE real-life EVIDENCE that s/he cannot argue with! In my experience, if after you've done this you still do not get the job, then it would be best to let THAT prospect be).
Three weeks later, I got a call from him on my mobile. He said "Mr Solagbade, this is.... from .....hospital. We want you to come and build the automated cash book we discussed about. When can you come and pick up your cheque?"
I went on to build a fairly different type of cash book from that used by the hotel, to match the format used by the hospital's accounts department. But the logic was still the same, so I was quite at home with it.
Note: On 5th Feb. 2007, I won a much larger paid project with another Lagos hospital by using the above cash book for my business marketing demo to them. I was engaged within days after my first meeting/demonstration to build a custom automated Excel-based software to handle this hospital's general accounts preparation from cash office receipts to year-end Profit and Loss reports/balance sheet auto-generation.
----------------End Story-------------
Powerful Testimonials & Repeat Business: Rewards For Successfully Meeting Clients' Felt-Needs
This strategy yields multiple dividends beyond those revealed in the above story. For instance, apart from excellent handwritten testimonials from satisfied clients, discussions are currently on for me to commence work an a NEW project for one of them (i.e. repeat business).
Here's an excerpt of the handwritten comments made by the company's representative on my Feedback/Job Completion & Testimonial Form AFTER I delivered the "General Accounts Manager" custom spreadsheet software I built for them:
"It has been a tremendous improvement in our weekly and monthly report.. my Medical Director expressed his happiness when he saw the report...Mr Tayo, I am impressed by your talent, you're thorough in your job, sincere and friendly with your client. Keep it up.." - Rev. Mfon Inyang, Manager-Accounts, Med-In Specialist Hospital, Ogudu, Lagos.
Key Steps For Implementing A Felt-Needs Oriented Business Marketing Strategy
The following will (I hope) serve as useful pointers for anyone who wishes to employ the strategy of "Felt Needs" oriented marketing that I have described in this article.
1. Identify your ideal target audience or perfect customer group by looking at how what they place HIGH priority upon can be made to work better or grow through your product or service input.
2. Investigate and analyse in great detail the various areas in which "felt needs" may exist for your identified audience which you can cost-effectively and successfully take care of for them in such a way that they will be willing to reward you PROFITABLY. This latter part is important: The problems you help them solve or needs you help them eliminate should be ones they would be glad to reward you handsomely for - ELSE you stand the risk of wasting your time/efforts!
3. Put together a well balanced offering of solutions (in form of products and services) to address the "felt needs" you have identified, and package them using any appropriate media - examples mentioned in the article(letters, auto-run CDROM business marketing presentations) could be relevant.
4. Craft an Elevator Speech that will get you past gatekeepers (at the front door or on the phone line) to the key decision maker/prospect, and which affords you an opportunity to present your offering/possibly win an appointment or invitation to do a demonstration etc.
5. Follow-Up with UNDECIDED prospects using the CREDIBILITY factor. You are unlikely to win the project at the first visit. You don't have to give up on prospects who say NO or seem unwilling to commit themselves. Instead work hard to win/finish work for other paying clients in other places and use the CREDIBILITY factor from such completed PAID projects to RE-present your offering to UNCONVERTED prospects.
For instance, in the story I told above, you will notice that even though I started marketing to the hospital accountant in September, I had to follow up with information about ANOTHER project I had finished since meeting him, before I eventually won him over.two months later. And THAT was in spite of the fact that the prospect mentioned (during one of my follow-up calls) exploring the option of engaging someone else to develop a solution.
6. Endavour to get your client's consent to use the work you have done for them to market your services to others LIKE them. Nothing can be more compelling for people with similar needs than real-life evidence of a tested and proven solution working for one of them. Use samples of completed works in conjunction with testimonials from your satisfied clients to market to other prospects.
7. Know Your Work/Business! It goes without saying - but I WILL still say it all the same: You must ensure you equip yourself with the competence to deliver the solutions your promise to meet the expectations of your clients. Only when you do that will they reward you with feedback confirming you have FULLY MET their felt needs.
FINAL WORDS
A person who demonstrates the ability to articulately express him/herself generally tends to draw positive attention and interest from listeners. Quite often, when you approach a prospect, you have only a few seconds to "capture" his/her interest. Do the necessary research about your target audience's "needs".
Then use what you find out, to prepare what I call an "impact-FULL" message to communicate YOUR solution to him/her.
Go out and persist in confidently telling your prospects what you can do for them, and you'll find yourself winning over eager clients, ready to pay almost anything you ask them, to get YOUR promised solution, to their felf-needs.




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