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Business Value Of Information

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Business is about relationship building. That is what is called networking in the formal sense. Success in business starts with good relationships with those around you. This is really connecting with the people around you in a friendly and trustworthy manner. If you are going to work a business and make a living out of it this matters.



You know where you want to go, but how to get there is another matter. Most opportunity comes about because of contacts. Self made millionaires usually did not do it alone. They had some very good opportunities come their way by having some great contacts. They know that everyone that helps is their business team.

The real fun of business is that you meet a lot of great people along the way. Everyone you meet has a wealth of experience that is invaluable. Now more than ever relationships and networking happens in real time. Phenomenal growth has a lot to do with the relationships with customers, vendors, and strategic alliances. Creative ideas are tossed around when you interact with clients, vendors and other people. A lot of times in a matter-of- fact way a reflexive comment changes your company. Live and learn sure applies to business.

Involvement is the key word in any business. Obligation is not the same as a social connection that stresses the importance of relationships. Aspiring to profit from a business is not always the same as succeeding in business. That means the value you bring to your relationships has a paramount impact on your business. People who are passionate about what they do are usually the most generous with sharing their expertise

The ability to partner with your customer, distributors, vendors, and other businesses is what will help make your business a success. The knowledge you add to your service and communicate to your customers is what makes a long lasting relationship. Success in any field is about working with the people that are there. No one does it alone, only by connecting with others can you expect to reach your goal. People you meet can work as mentors by offering help, guidance and opportunities to grow your business. This is your business team that will help you reach your goal.

Let people enrich your life and transform your business. Consumer connectivity both literally and figuratively creates a strong brand for a company. You build one person at a time until you have enough connections to forge an identity. Create, collaborate and share in a wide variety of ways your business, yourself, and your knowledge. It is always good to remember you are part of a business and social community that are drawn together for survival.

There is a new breed of businesses that really count on both the interactive and traditional. Remember the web is a community of businesses connected through links, affiliations, and testimonials. The web is a growing success because of its interconnections. This new media has one important message that delivering to, and reaching a wide audience is the way to nurture a business. Relationships are the key to unlocking a treasure trove of support and access to resources.
Business Value Of Information
In all the work you have done through the first 5 modules of "Creating

your Strategic Vision", you have devoted tremendous effort to

demonstrating your Value Message. The challenge is how do you do this?

It is done by asking the following questions:

1) What does your business bring to the marketplace beyond the basic

industry core competencies?

2) What's unique about your business?

3) How will you communicate this?

Before we get into addressing these questions, let's try to understand

why someone might buy from you. There are several key concepts of

understanding the mind of your prospect.

For your prospect to agree to buy from you, she must go through what is

called: The Pain of Change. This is a measurement of the prospects

feelings and experiences associated with doing something such as

decorating.

You need to relate this to the Consequences of Not Changing. This is the

prospects losses they incur by not doing business with you. Perhaps it

is the emotional letdown of not using your decorating skills.

When a prospect first becomes aware of your business, they believe that

are doing fine without you. They also believe that if there are

consequences for not doing business without you, this is acceptable. If

this is true, then you do not have a prospect.

In order to begin the selling process, you must introduce the concept

that there are indeed consequences associated with not doing business

with your company. If there are no consequences, there is little chance

of making a sale. To educate your potential prospect about the dire

consequences of not doing business with you, you need to use questions

to raise this awareness.

Before we get into asking these questions, let's think about you ideal

prospect. What would be the potential pain or risk if they were to do

business with you? This is what was referred to before as The Pain of

Change.

Here are some examples:

It's too expensive!

I might make poor decisions.

I could end up with poor quality workmanship.

I am afraid to do custom work.

I am not convinced of your decorating ability.

I don't trust you.

It is up to your Value Message to answer these concerns. Your prospect

will work hard to convince you that you do not have a Value Message, so

they can base their buying decision solely on price. If you can't defend

your Value Message then you run the risk of being judged as a commodity.

It is urgent that you communicate your Value Message so you can separate

your business from the competition.

There are certain core competencies that every competitor brings to the

market. These competencies are things all competitors do, and are

essential to be taken seriously in the marketplace.

However, if you choose to compete based upon only the core competencies

that everyone else has, you insure that your business will be considered

a commodity. If you only want to discuss things like product quality and

price, you will be evaluated solely upon the investment required to buy

what you are offering. Your uniqueness of what separates you from the

competition will most likely be ignored.

The concept of the Value Message says that you must bring something

unique to the market place so you can convince your prospects to go

through The Pain of Change and buy from you.

Exercise:

List the 3 strengths or unique features of your business offering:

1) In House Workroom

2) Great Showroom

3) Talented Design Team

For each strength list a corresponding consequence the prospect

experiences by not having as part if the offer.

1) In House Workroom-A lack of quality control and higher prices because

of no middleman.

2) Great Showroom-No ability to view actual examples of work.

3) Talented Design Team-Not having treatments that you can show off.

For each consequence indicate how does it show up? Who ultimately gets

the bill for not having it? Who feels the consequences the most?

1) A lack of quality control and higher prices because of no middleman,

results in poorly done treatments that the consumer pays for and is

stuck with.

2) No ability to view actual examples of work, results in not being able

to picture your custom window treatment ahead of time, and ending up

disappointed because of not meeting your expectations.

3) Not having treatments that you can show off, results in not meeting

the emotional expectations of the client. This is what she values most.

Remember, Decorating is Entertainment!

To review, let's take one of the strengths and add the corresponding

consequence and the result:

An In House Workroom addresses the problem of poor quality control and

the issue of higher prices because of no middleman. The result of not

having such a service could be poorly done treatments which the consumer

ultimately pays for and is stuck with.
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About Author
Both Paula Martinez & Razvan Marian are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Paula Martinez has sinced written about articles on various topics from About Branding, Pets and Business Loans. ,
Alice In Wonderland Wedding Theme
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