Five Stages of Market Development PDF Print E-mail

INITIAL: You Are Unique In The Marketplace

NEED: Explain "What" you do. Build credibility with strategic initial sales (Signature Sales) and publicity.

SECOND: Competition Emerges

NEED: Explain "Why you" by sharpening your benefits proposition. Focus on sales training and begin branding. (c)2005 Laura Ricci

THIRD: Marketplace Matures
Larger, longer term sales are sought, rather than small individual sales. Complexity of sale multiplies. RFPs and proposals are necessary to win.

NEED: Move from straight sales to complex sales . Focus on developing a complex sales system.

FOURTH: Product Matures
You compete as a commodity or value offering.

NEED: Evaluate the best position for your offering. If the number of buyers is small (i.e. B2B or B2G), a value-based proposition allows you to customize the offering to each customer. (i.e. professional services, enterprise wide installations) You'll need to master complex sales and proposal development .



If the number of buyers is huge, commodity based marketing may generate larger gross sales and you will focus on advertising and messaging (i.e. comestibles, consumer products).

I support good people doing great things with proposal development, training to write winning proposals, complex sales training and virtual team development. Contact me to discuss your particular situation!
 

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