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November 29, 2012
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The Leaderboard 
  • Why top leaders should participate in large sales efforts
    It makes sense for CEOs to get involved with the very largest sales that their companies are attempting to make, writes Bill Rosenthal of Communispond. "That's because the company has to deliver a proposal that provides mega-value, and creating such a proposal requires contributions from its many units or departments," he writes. "The CEO is the only person who can lead this effort." Additionally, it's a good idea for your company's various departments to collaborate with their counterparts in the company to which you are selling. SmartBrief/SmartBlog on Leadership (11/28) LinkedInFacebookTwitterGoogle+Email this Story
Sales Strategies 
  • The sales ship needs ownership on board
    Resellers and providers that leave sales and strategy in the hands of contractors are taking an unhealthy business approach, writes Kendra Lee, who argues that owners need to be a proactive part of operations and ensure the company's strategy is being followed and adjusted as needed. The VAR Guy (11/28) LinkedInFacebookTwitterGoogle+Email this Story
  • Use strategy, not price, to close big deals
    The key to closing big deals without competing on price is to find a way to support your customers' strategic goals, according to an excerpt from the book "How to Close a Deal Like Warren Buffett." You can accomplish this by putting yourself in your customers' shoes and figuring out what sorts of fears and threats they are dealing with. Inc. online/Explosive Growth blog (free registration) (11/27) LinkedInFacebookTwitterGoogle+Email this Story
  • Why sales specialists and account managers don't always get along
    Despite the value that sales specialists bring to the table, there is often a contentious relationship between these individuals and account managers, writes David Brock. These disagreements may arise out of arrogance or because of a lack of clarity regarding organizational roles, he writes. These relationships may also fail if account managers are too territorial, he writes. Partners in Excellence Blog (11/27) LinkedInFacebookTwitterGoogle+Email this Story
Daily Data Points 
  • Revolving lines of credit are expected to be down this year
    Revolving lines of credit will likely have dropped in 2012 because of fewer issuances and more companies seeking other forms of funding, such as the corporate bond market. Thomson Reuters reports that corporate credit lines issued in the loan market were $787 billion as of Nov. 14, compared with $1.28 trillion for all of 2011. "The conventional wisdom is that everyone was waiting to see what happened with the [presidential] election," says Richard Pollak of Troutman Sanders. Now the "fiscal cliff" is seen as a deterrent, Pollak says. CFO.com (11/28) LinkedInFacebookTwitterGoogle+Email this Story
This Week's Sales Cartoon 
On the Road 
  • Other News
App Update 
  • Use social media to supercharge sales
    In the current selling climate, it's imperative for account executives to become active on social media sites such as Twitter, LinkedIn and Facebook, writes Tony Albachiara. "Your prospects are undoubtedly already spending time in these channels. ... Your AEs need to have a strong presence and engage these prospects from the start," he writes. Sales Benchmark Index/Sales Force Effectiveness Blog (11/27) LinkedInFacebookTwitterGoogle+Email this Story
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SmartQuote 
60% of the buyer's journey now happens before your Account Executive interacts with a prospect."
--Tony Albachiara, principal with Sales Benchmark Index, writing in the firm's Sales Force Effectiveness Blog
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