Deliberately targeting a customer's buying process can significantly improve the likelihood
of winning their tender through competitive bidding. We advocate Miller Heiman's Strategic Selling® as a basic
methodology, to which we add in-depth analysis of not just the professional needs but also the personal needs and behaviour of each
member of the customer's buying team.
We help you identify the actual roles of the real decision-makers in the customer team, and understand both the buying requirements of
your customer's organisation and their actual decision-making processes at individual and team levels. This methodology covers what, why
and when people buy.
At Toner & Associates we use Myers Briggs theory to help determine how individual members of the
customer team are likely to make their buying decisions. This theory shows that people buy in one of only four basic ways,
and in one of only two fundamental ways. This method explains how people buy and how
important price and relationships are to them, allowing you to sell to buyers in a way that fits with their preferred
buying style. This makes each buyer more comfortable with your personal approach and with that of your organisation. These buyers are therefore more likely
to see the benefits of your proposal, to recommend your bid and to develop longer-term relationships with you personally and with your organisation.
Using your knowledge of both Strategic Selling and the psychology of buying when preparing a competitive bid or tender is the best way to sell at an advanced level,
and markedly increases your chances of winning that contract.
This methodology is also applicable to organisations buying products or services through the letting of competitive tenders. It can be used to improve buying policies
and practices, by understanding better how the organisation actually buys and how suppliers are selling to its personnel.
Finally, effective sales forecasting is an important function of sales management and is needed by all organisations so that they can make timely and appropriate business decisions.
A probabilistic forecasting methodology using "go/get" probabilities is the most accurate forecasting method when a number of prospects (e.g. more than 10) are in the sales
pipeline. This method can be used to produce likely future sales (measured by revenue or margin or both) by week, month or year. In addition, the individual prospect
lists of each salesperson can be rolled up for each sales branch, and branch prospect lists can be rolled up to the sales director level to give a total company view of likely sales.