For years big corporations ruled the world, and the business world – not any more. Most of them are hurting – wounded, dying or dead.
Big banks, big homebuilders, big auto makers, big newspapers, big stockbrokerages and other “big” companies are underwater or treading fast. The only thing sinking faster is the price of their stock.
Business is so bad at big hotels that in Las Vegas, hotel people are actually becoming friendly. Before President Barack Obama put the hex on Las Vegas, I traveled there once a month doing corporate events and seminars. During the past 10 years I can report that Las Vegas did not have the worst service in America – they had the worst service in the world. Times have changed. Drastically. Have you heard?
This economic situation has created the greatest opportunity for small business in the past 100 years. You have the opportunity to topple, or at least outsell and out-serve, the giant of your choice. While they are busy cutting everything, guarding “shareholder value,” and their employees are guarding their desk and their job, no one is guarding their customers – AKA the lifeblood of their (and your) business. Is that cool, or what?
Here’s a list of what you have to do in order to outdo in these times, and for all times:
• Out-think. Whatever big companies are thinking, it isn’t enough. You don’t have to go very far to beat them in this department. In most cases just think “for the customer” rather that yourself, your job or your shareholders. Think “invest,” not “cut.” Think “value,” not “price.” Think “be your best.”
• Out-hustle. This is easy. Most big companies are about as agile as the Queen Mary. And their employees have a sense of urgency about them that’s somewhere between zero and minus-zero. Employees of large companies typically have an attitude of “someone else will do it.” This is your game plan: Get up early. Stay up late. Talk to every customer you have ever had. Schedule breakfasts and lunches six weeks in advance. Let your customers know your new hours start before they get there and end after they leave.
• Outsell. Be there for the business, and be there when your customer is ready to do business. This means you also have to be there when they are NOT ready to do business. You can’t just hang around for orders. You have to be a consistent value provider in order to be able to earn the business when the time is right and the time is ripe.
• Out-serve. Now is the time for all good companies to come to the aid of their customer (With homage to typing teachers). Now is the time to INCREASE service and service offerings, not cut back.
• Out-deliver. Cut your delivery times in half. No longer is the excuse “The trucks are already loaded” a valid one. Do whatever it takes to deliver what they need, when they need it.
• Out-humanize. Throw away your computerized answering service before and after hours. And throw away your voicemail. When the phone rings, answer it. This will put you ahead of 99 percent of all other businesses in the world. Big businesses answer their phones with a computer and say, “In order to serve you better …” Who the hell are they kidding? (Answer: themselves.)
• Out-communicate. Throw away the “policy manual” and your “corporate speak.” It’s no longer valid in these times. Any fool quoting “policy” or avoiding direct answers in times of economic chaos is certain to lose now and into the future.
• Out-truth. One day the bank says they are in great shape. The next day they lay off 30,000 people. All truths are eventually revealed. Why not just start with it? The more truth you tell your customers BOTH external and internal, the more they will respect you, and remain loyal to you.
• Out-Google. This is the easiest one of all. When your customers go shopping for whatever it is you sell, make certain you’re No. 1 in your name, and at or near the top in your product or service. This is solely dependent on your “Googlejuice” – not your size. When your customer needs an answer or a resource, they Google it – just like you do.
• Out-surprise. Even in these times you can still be memorable. Create a budget to surprise customers. Anything from a pizza, to lending an employee for a day or two, will be appreciated. And remembered. •
Jeffrey Gitomer is the author of “The Sales Bible” and “The Little Red Book of Selling.” President of Charlotte-based Buy Gitomer, he gives seminars, runs annual sales meetings and conducts Internet training programs on selling and customer service at www.trainone.com. He can be reached at (704) 333-1112 or e-mail to salesman@gitomer.com
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
By Emilio DiSpirito IV License Partner | Engel & Völkers Oceanside Leader | The DiSpirito…
Learn More












