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Building a Framework for Evaluating New Business Opportunities

Date post: 16-Nov-2014
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In this presentation for GoLeads.com, Greg Chambers of Chambers Pivot Industries walks through his process for evaluating new business opportunities. This process can be used to provide an answer to the question, "Should we try (insert hot new marketing concept) for our business? The process is short, it's intuitive and it works. To access the full talk and learn more about Chambers Pivot Industries, visit http://www.chamberspivot.com. To learn more about GoLeads.com and their innovative approaches to sales leads and pipeline management, visit http://www.goleads.com.
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Transcript
Page 1: Building a Framework for Evaluating New Business Opportunities

building a

framework in

marketing

Greg Chambers

Chambers pivot industries

presents

Page 2: Building a Framework for Evaluating New Business Opportunities

presents

housekeeping:

- if webinar freezes, re-launch

- if you can’t hear audio, there is a

dial in option

- this webinar is being recorded

- take notes - slides will be shared

Page 3: Building a Framework for Evaluating New Business Opportunities

agenda* INTRO

* CONTENT

* 20-25 MINUTES

* ONE-WAY PRESENTATION

* QUESTIONS CAN BE SUBMITTED to

[email protected]

* WRAP UP

* the big IDEA

Page 4: Building a Framework for Evaluating New Business Opportunities

guest SPEAKER

Greg ChambersChambers Pivot Industries

Page 5: Building a Framework for Evaluating New Business Opportunities

building a

framework in

marketing

presents

Page 6: Building a Framework for Evaluating New Business Opportunities

building a

framework in

marketing

presents

Page 7: Building a Framework for Evaluating New Business Opportunities

defining terms

"The beginning of wisdom is a definition of terms"

- Socrates

-new New business evaluation

-existing new business processes

-framework

-customer centric

-customer decision making process. . .

Page 8: Building a Framework for Evaluating New Business Opportunities

think like your customer

“I have a problem”

“I do some research”

“i look for options”

“i want the best deal”

Page 9: Building a Framework for Evaluating New Business Opportunities

think like your customer

I need A washer

i have to research

front load? noise? size?

“What’s the best price?”

Ted’s weekend example

Page 10: Building a Framework for Evaluating New Business Opportunities

evaluating new

business channels

you need a process

Page 11: Building a Framework for Evaluating New Business Opportunities

evaluating new

business channels

Linkedin as the example

Page 12: Building a Framework for Evaluating New Business Opportunities

The process

4 steps - intuitive

Page 13: Building a Framework for Evaluating New Business Opportunities

step one

define success

Page 14: Building a Framework for Evaluating New Business Opportunities

step one

pick something

example: success = # New Customers

Page 15: Building a Framework for Evaluating New Business Opportunities

step one

“start anywhere, go everywhere”

(the key is to start)

Page 16: Building a Framework for Evaluating New Business Opportunities

step TWO

measure it

Page 17: Building a Framework for Evaluating New Business Opportunities

step TWO

simplicity rules

example = # of new customers

Page 18: Building a Framework for Evaluating New Business Opportunities

step TWO

monthly measure

Page 19: Building a Framework for Evaluating New Business Opportunities

step TWO

beware the overload

keep it simple - it’s a framework

Page 20: Building a Framework for Evaluating New Business Opportunities

step TWO

pick the metric - move on

(start anywhere, go everywhere)

Page 21: Building a Framework for Evaluating New Business Opportunities

step Three

talk to customers/prospects

Page 22: Building a Framework for Evaluating New Business Opportunities

step Three

To get, give

(offer value, get some in return)

Page 23: Building a Framework for Evaluating New Business Opportunities

step Three

what questions do you ask?*keep it broad

*use customer’s decision making as guide

*look for insights

Page 24: Building a Framework for Evaluating New Business Opportunities

step Three

it’s tempting to act.

sit tight.

let it soak in. no action yet.

Page 25: Building a Framework for Evaluating New Business Opportunities

our progress...

* we defined success

* we put a metric on it

* we ran it past customers

Page 26: Building a Framework for Evaluating New Business Opportunities

step four

last step: define

Minimum acceptable standards

Page 27: Building a Framework for Evaluating New Business Opportunities

step four

sometimes, you have to know

when to give up. (sorry churchill)

Page 28: Building a Framework for Evaluating New Business Opportunities

step four

set a time limit &

use the metric from step 2

Page 29: Building a Framework for Evaluating New Business Opportunities

The process

simple, but not easy

define success set measures customer input min. standards

Page 30: Building a Framework for Evaluating New Business Opportunities

evaluating new

business channels

Linkedin? i’m ready.

Page 31: Building a Framework for Evaluating New Business Opportunities

next step

what do you do now? start?

Page 32: Building a Framework for Evaluating New Business Opportunities

think about it

take notes - sit tight - get ready

Page 33: Building a Framework for Evaluating New Business Opportunities

conclusion

* we met one another

* we defined, got on same page

* we thought like customers

* we walked through a process

* it is a process, not an event

* we’re WRAPping UP

* next is our IDEA

Page 34: Building a Framework for Evaluating New Business Opportunities

The idea

goleads seminar seriesexpanding on:

- database marketing

- lead generation

- marketing automation

[email protected](tell mr bill what you think)

Page 35: Building a Framework for Evaluating New Business Opportunities

with: Greg Chambers

Chambers pivot industries

presentedbuilding a

framework in

marketing


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