Laura's Winning Ideas

Proposal Expert, Laura Ricci, Muses on How She Reached Her 85% Hit Rate, Creating and Managing Dynamic Teams and Living Through Turnarounds Supporting Good People Doing Great Things

Archive for the 'Strategy' Category

No Projector? No Problem!

— LRicci at 10:52 am on Friday, September 2, 2011
Click to see a powerpoint presentation used at SMPS national Conference

http://goo.gl/tjr4A

Here’s a great idea to make presentations more mobile.

In most meetings, folks are carrying smart phones,  iPads or laptops. Why not use that feature to expand your ability to present anywhere you meet?

Here’s how it works:

1) Post your presentation slides to SlideShare.net

2) Create a short URL for your presentation slides.

Search “short URL” for sites that convert long URLs to a tiny URL all free. If you use Google’s service, you can save yourself a step below.

3) Create a QR code that points to your slides on Slideshare.net

Search “QR code create” for sites that create a QR code from a URL. If you used Google’s service above, just add “.qr” to the end of your short URL and click to get your QR code.

4) provide the QR code and short URL to your meeting members.

If they are on a smart phone, they’ll scan the URL and be instantly looking at your slideshow. If they are on a laptop, they’ll type in your URL and be instantly looking at your slideshow. If they are on a tablet, they’ll do either, depending on whether they have a camera or browser.

You could print these on businesscards you hand out, you could offer the scan from your phone, you could email the short URL with QR code.

I didn’t think of this, but I wish I had. Todd Ogasawara at SocialTimes thought of this when he was asked to speak to a group, but they met in a restaurant without AV support. His commenters added the suggestion of having a URL alongside, so folks without cameras could also join in.

Proposals can use this idea: Think about building a set of pages with additional detail/illustrations/animation for which QR codes could be created and printed in your proposal. Do you honestly think a technical reviewer will pass by the opportunity to check out what is behind the QR code?

Is huddling around a big laptop to show a presentation more professional than allowing each person to see the presentation on their own device? I’ve seen folks lugging in laptops for meeting presentations, but that limits the audience to one person or maybe two if they are comfortable snuggling up to one another.

For confidential materials, you can get a short URL that is time limited. Search for “URL shortener temporary time limit” which allows you to reach pages you don’t want them seeing again after you are out of the room.

Would it help if you knew whether they were showing the materials to others? Many of the short URL sites provide tracking so you can see how many folks visit the link.

All the examples here are free services, so you have no excuse not to try it out and noodle about how it might help your organization.

I’ll stop here. Lot’s of interesting opportunity to expand your ability to reach prospects. Go get’em!

 

 

 

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Archive for the 'Strategy' Category

Who’s on the Cover?

— LRicci at 11:02 pm on Saturday, October 16, 2010

Covers are on my mind this week. I just watched the movie “September Issue” about Vogue magazine and Anna Wintour the editor. The cover determines the news stand sales of magazines and is taken very seriously. Serious money rides on a good cover.

I also just finished reviewing a stack of proposals. One loser I could predict from the cover alone.

The cover can hurt you badly. On this cover, a smear of logos was at the top of the cover, more than a half dozen, some big firms, some unfamiliar firms. The client was mentioned in the fine print. The illustration was meaningless.

The story this cover told me is ugly: Our team is VERY important, more important than your agency and your project. We are all dedicated to maintaining our corporate identity, so we are less likely to be easily managed. In fact, a smaller firm is Prime, and some really big firms are sub, so it will be very interesting for the customer to deal with who is in charge. If they can figure it out!

Don’t do this.

Here’s how I like to work up covers, in order of preference:

  • What is your Theme? Illustrate it. (some folks aren’t using themes yet, and if so, try the next approach.)
  • What brilliant ideas are you proposing to the client? Can they be illustrated?
  • What is your client most proud of? Can it be illustrated?

The cover should be all about the client and how your team brings something special to their project. If you don’t bring anything special, you’ll be just an also ran, so why bother writing a proposal doomed to lose?

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Archive for the 'Strategy' Category

Social Media used by Engineers to WIN

— LRicci at 1:01 pm on Saturday, August 28, 2010

Yup. I was certainly skeptical of how you could use Twitter or Facebook to move forward an engineering proposal. Well, these fine folks are doing the best job I’ve seen in harnessing the power of the crowd to move their technology into the flow of funding.

I heard about them this morning when someone in my Facebook network posted this video to their page:

Transfer from Asphalt to Solar Roadway

After watching the video, I was happy to click out to vote for them. They are in a competition at the GE Challenge to win a portion of the $220 million being offered in their Ecoimagination Challenge grant program.

From there, I looked at a couple of other submissions. Only this one caught my attention so I voted for it as well:

Wind capture that avoids open blade windmill issues

Then I clicked back and voted for the other two proposals Solar Roadways has at GE:

Solar Roadway Wants to Win GE Grant!

And finally, on the Profile for the engineer/founder, I clicked out to watch a TED presentation he made in June 2010:

Endearing story about the genesis of this company

I haven’t looked yet, but I’ll bet they are on Twitter. AND I know the folks at ARPA-e must be watching this to track their progress.

I want to buy stock in this company. In the meantime, I’m stealing every good idea to help clients understand how to use Social Media to Win Work!

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Archive for the 'Strategy' Category

What is the Right Hit Rate?

— LRicci at 1:40 pm on Friday, April 9, 2010

To prove value, you should be tracking your wins and losses. Your hit rate is the percent of wins to losses. If your hit rate is improving, you are going in the right direction, improving your process, grooming your SMEs to write more effectively and executives to improve the flow of intelligence into the proposal process.

“Our hit rate is 40 percent. Is that good?”

I work across a broad range of industries. The target hit rate varies with the maturity of the industry.

In those industries in which complex sales (proposal competition being the end of the marketing pipeline) are predominant and precise, you’ll need a 70% hit rate so that your overhead expenses are in the competitive range.

Examples are government defense contractors, where the number of competitors is slim, the cost of producing the proposal high, and the precision and accuracy of the intelligence embedded in the proposal critical.

At the other end of the spectrum are industries new to RFPs because their clients are moving to the complex sales approach, and away from the consultative sales approach. Both the proposals and the review process by the client are less refined, less rigid, and more prone to influence from the remnants of the consultative sales process. In these industries 40% may be the target hit rate for that industry at that time.

Once you know the industry target hit rate, you can judge the maturity of your own firm by the distance from the industry target hit rate.

Another way to measure whether your hit rate is good or bad is to perform a diagnostic test on your team and then substitute in your current hit rate. Click here for a diagnostic test you can use to determine the level of development of your team. Once you find your level, use the hit rate you currently have instead of the hit rate used on my form (which was designed for one specific industry in a mid-range between the two described here). Now you have an idea of whether you have more to improve or are operating at a level suitable for your firm to remain competitive in their industry.

But don’t sit on your laurels! All markets mature, and those who don’t work on continuous improvement fall behind quickly.

In my own proposals, what was outstanding a few years ago is merely routine now. What was good enough to win a few years ago, won’t get you near the shortlist today.

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