elia networking days, budapest presentation: from the client’s mouth

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FROM THE CLIENT’S MOUTH

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Page 1: ELIA Networking Days, Budapest Presentation: From the client’s mouth

FROM THE CLIENT’S MOUTH

Page 2: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Introduction & Background

Karen Netto

• Over 12 years’ experience as translation buyer

• Past 6 years in financial services

• Qualified translator with business start-up

Jessica Rathke

• 21 years of localisation sales/management experience

• Large/small LSPs

• Europe/USA

Page 3: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Agenda/Goal

What do customers want from your sales people?

– First-hand experience with bad sales practices

What should we be doing?

Using experiences from the past 12 years

Receiving end of bad and good sales practice

– What it feels like to be the recipient of bad sales practices with specific examples

– What works and is appreciated client-side

Page 4: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Life Client-side after the Economic Crisis...

Page 5: ELIA Networking Days, Budapest Presentation: From the client’s mouth

On the Receiving End of Some Cold Calls...

Page 6: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Cold Calling/No Value Proposition

No compelling/relevant message

• Same script from different agencies

• Client goes to sleep

• Robotic

• Lacks warm, spontaneous conversation

• Simultaneous typing up

• Going through motions, wasting time

No differentiation

Page 7: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Same Script as Previous Five Calls ... Boring!

Page 8: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Cold Calling Pattern = Interrogation of Customer

Sales: QuestionClient: AnswerSales: We do it!Sales: QuestionClient: AnswerSales: We do it!Sales: QuestionClient: AnswerSales: We do it!Client: (Yawn)... Well, I really must get back to work now... Bye!

Page 9: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Say they have experience with whatever the client requests…really?

• Sound like used car salesmen

• Buyers not idiots

• Establishing trust is important

All things to all people

– Is this really specialisation?

Practically every LSP has same client laundry list!

Page 10: ELIA Networking Days, Budapest Presentation: From the client’s mouth

The Solution: Cold Call /Value Proposition

Focus on outcomes you deliver, not services you provide

How do other, similar clients USE your services?

Ask intelligent questions focused on CLIENT business issues, not yours

Conversational questions

Page 11: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Give Customer a Chance to Think & Talk!

Page 12: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Emails, Emails, Emails…

Page 13: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Reflect on the following industry techniques...

Free gift for instant order!

• Naive

• NOT for B2B!

• How justify selection?

Top London restaurant invitation – first meeting!

• Compliance procedure

• New bribery laws, especially in UK/USA

Page 14: ELIA Networking Days, Budapest Presentation: From the client’s mouth

False Promises

Areas of specialisation

– Be honest, can’t specialise in EVERYTHING

How many active translators?

How many specialists in niche field?

Language coverage

Not just numbers in database!

Page 15: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Develop a Commercial Mindset

Develop a good understanding of your client’s industry and company

• Read recent press releases/FT for openers

• Be aware of new regulations

• Look at website

• Know what languages

Page 16: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Develop a Commercial Mindset

Look for opportunities based on understanding client

– Issues faced

• Increased regulation

• Turbulence of markets

• Faster turnaround times

• Highly specialised terminology, constantly changing

Page 17: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Who is the Buyer & What is Their Role?

Title of the buyer or client contact

– Decision-maker but decisions not in isolation

• Need to justify and explain decisions

• Others seek to influence decisions

• Need the arguments from you

Page 18: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Make it Easy to Do Business With You

Help client sell internally

– Easy to share presentations

– Easy to digest information

– Easy to cut and paste into my internal emails

– Clear proposals

– Easy to scan, not time-consuming

Page 19: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Develop Meaningful Proposals

Cost effectiveness, not cost reduction

– Demonstrate clearly in your proposal

– Clear, professional proposal

– Make easy to forward to senior colleagues (never likely to meet you)

– Justify your selection against competition

– Short-term outlay v. longer-term savings

Page 20: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Demonstrate Expertise to Customer

Project Plan

– Help client show a clearly thought-out project plan

– Anticipated problems

– Envisaged solutions

– Short- and longer-term planning

– First project towards greater efficiency/quality

Page 21: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Solving Customer Problems

Inform and educate (not lecture)

– Newsletters

• inform on language and cultural issues

• can be forwarded to colleagues when convenient

– Approach gets client to inform you of an issue needing a solution

– Articles of interest

Page 22: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Help the Buyer Help You!

Help your client educate others in their company

– Solve other problems

• Terminology and software solutions

• Good sales people have anticipated future issues and proposed solutions – e.g. KIIDs

• Information in press – may help identify that client has increased volume in a particular language

• How can you tackle the issue of insufficient suitably experienced translators in specialist financial field?

Page 23: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Happy, Interested and Engaged Client...

Page 24: ELIA Networking Days, Budapest Presentation: From the client’s mouth

When Something Goes Wrong – The Problem

Page 25: ELIA Networking Days, Budapest Presentation: From the client’s mouth

When Something goes Wrong – Not the Solution

Sales response: PM response:

Page 26: ELIA Networking Days, Budapest Presentation: From the client’s mouth

What Happens Next to your Client Contact....

Page 27: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Resolve Problems Quickly

Give tools/information to respond quickly internally

• Joint Sales and Project Management approach

Inevitably, there are problems with translation projects

• Not that a problem has arisen, but how you handle it that counts

• A well-handled challenge can result in increased sales!

• Client retention and cross-selling

Page 28: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Summary

Develop a Value Proposition

– What do you do well?

– Which industries do you best serve?

– How have you helped customers?

– VALUE you have provided that someone else can relate to

Specialise

Solve Client Problems

Client Retention – communicate during challenges

Page 29: ELIA Networking Days, Budapest Presentation: From the client’s mouth

Thank you!