You have to specialize to be special. Some business leaders want to be everything to everyone, and though your broad knowledge and abilities are admirable, you risk alienating some clients who rightly think that they are also special. Go back to basics for each market and define your presence in a clear and substantial way. What you can do to optimize billing is less important than what you can do to help patient billing, which is not as interesting as what you can do to help patient billing for community hospitals with about 100-200 beds when you are talking to a decision maker in a hospital that size. You may need all three layers for your sales process, but the last one is the most important.
Know your audience. A played out mantra for marketing, but it is always important. Part of specializing is narrowing your focus and consequently, narrowing your audience. Describe in detail the things you do best before targeting audiences that are new to you. By having well targeted, well substantiated messaging you will have more effective responses because you will be more relevant every time. If you are targeting a new audience, you need to develop some understanding of that audience and convey to them that you understand. When you know your audience, you will know what options they have available to them, what things they would like to see, and, consequently, what you have to offer them.
Relevance prompts attention. You cannot hold your prospects hostage. They will not listen to what you want to talk about; they will listen to what they want to hear. Make sure you are resonating with your audience by answering a question or answering a need. If you are not needed, you are not special. You might be different even if you are not needed, but I want you to be special (nothing personal, but it is better for our society and economy if businesses all put in the effort to be at least a little special.)
Listen. If you don’t know why a prospect would prefer you over someone else, then you have to seek out the opportunity. The great thing about the modern customer is, they do everything for you. With the right communications mechanisms in place, you can have the community perform your product development, message definition, feedback gathering, prospect vetting, prospect nurturing, and possibly even promotions. The key is opening up the proverbial door to stick out your proverbial head and see what is being said. By door of course I mean online community and by head I mean your marketing department. Well… you get the picture. When you know what the community has and what the community wants, you can better strategize how you will uniquely meet them (or better yet, surpass their needs.)
Process, process, process. Creativity is great; it is how I make my living. However, creativity is not spontaneous and innovative companies that execute strategy poorly should not expect good results. In my last post I mention the basic costs of doing business (good customer service, friendly faces, reliable products) and these cannot be ignored when trying to be special. Sort of a Maslow’s need hierarchy for business (in fact I think I remember business school having something just like that… just don’t remember what it was called), an innovative business will fail if it does not perform the basic tasks of business well. A great product that takes 12 weeks to receive will discourage most consumers. A great idea for marketing is relatively useless without seeing how it will fit into the sales cycle. Having a process means having a plan, and having a plan is the logical beginning and end to any strategy. By knowing your process, you will know what needs to be done and how to ensure that your special status (or “specialosity” as I choose to call it for now) is not lost in the shuffle.