Looking For New Business? Define Your Parameters



Most companies are looking for new business. And more emphasis is being placed on how to grow business by developing a new business strategy. No matter what your plans are for new business, you need to consider new business as a key component of your company from here on out. Remember, new business means you are working with companies and people you don’t know. And with any relationship, be it business or personal it takes time to develop trust. Sometimes you may find you are able to set up a meeting within the first week or so of contacting a prospect. Keep in mind, some great business will also be found 18 months later building a relationship with the decision maker and keeping in touch and being available when this person needs your services.

But before you can begin calling anyone, begin to build a contact list, which will be your new business database. To do this, compare what your company’s products and services are to what industries and companies in these industries need. Such as:
But wait, there’s more

Want New Business? Get Off The Rollercoaster!


© Heike Brauer | Dreamstime.com

Okay. I am not anti-roller coasters by any means. In fact, not too long ago, I had a blast with my 12-year-old son on some amazing coasters in Myrtle Beach. The ups and downs, the twists and turns are great and that initial drop down at the beginning of a coaster always catches me off guard.

But unless there is something I am unaware of, being caught off guard in business is never a good thing. So, if one has to prepare for a business presentation, get ready for a job interview, and going back to childhood, think of what we would say when mom and dad got home after breaking something extremely valuable, it seems logical that trying to win new business needs a bit of preparation and planning as well.

Getting Started

Someone must be in charge: New business decisions should not be random. Someone needs to maintain a list of potential customers and provide information on the customer’s business, possible marketing opportunities your agency can provide, discern who the gate keeper is (often an administrative assistant or an executive reporting to the decision maker) and who the decision maker is (the person who determines who the marketing resource his/her company will hire.) There are many more responsibilities for the person maintaining all new business information as well. This grazes the surface.

New business is a year round job: When your agency starts to see some new business roll in, it’s not time to stop searching for more. In fact, new business is an ongoing, year round job. It is the source of fresh opportunities and the home of continual growth.

It’s all about ‘What’s in it for me?’: No matter how many awards your firm has won, how amazing your website design is and how much information you supply on each employee’s years of experience, in new business it’s all about ‘what’s in it for me, the customer?’ Remember to think about this when considering the design of new business materials as well as re-designing your Internet and social media resources.