Tip of the Month

The IMPAX Tip of the Month is written for business development professionals who have learned and are implementing the IMPAX Process (in the form of IMPAX Strategic Account Sales Process, IMPAX Superior Account Management Process and IMPAX Strategic Inside Sales Process, among others). These Tips deal with subjects including Research, Communication and Presentation. For more Tips on dealing with Procurement, interviewing, relationship development, effective presentation delivery and much more, see the Tip of the Month archive and our book, Beyond Selling Value.

current tip of the month – AUGUST 2014

Don’t Undermine it, Mine it

Data is undervalued right now. It is out of favor. The internet has made it so easy to gather data (publicly available facts and figures) about our customers and prospects on a just-in-time basis that fewer and fewer sales professionals seem to take it seriously.

One objection appears to be, “If it is so available, it must not be very powerful”. The irony of this perspective is striking. Yes, more and more data is available. New sources which didn’t exist a year ago, much less a decade ago, can be tapped to better understand the company’s current situation and business direction. With little time or effort we can be: reading real time insight to a company’s business and industry in the form of an analyst review; learning about how customers are feeling about the company and its products; and seeing what types of people the company is trying to hire and how their current employees feel about the company. With this volume of data comes tremendous insight, which is more valuable than ever.

Not only that, but getting the data is so easy and convenient. Read it just before a meeting, download a podcast and listen on your drive time, watch a video between calls…

One last thing to consider – it seems that very few people read their own company’s data. People who are so busy taking care of their own responsibilities are inundated with newsletters, news releases, presentations and announcements. They can’t possibly keep up with it all. If people don’t read their own data, imagine the impression that a sales professional that does read the data can make. By accessing the right data at the right time, our research efforts will be more effective and our presentations will be more impressive.


tip of the month archive

Every month IMPAX provides thousands of sales and account management professionals with a thought leading Tip of the Month. These tips support and expound on the IMPAX Process by addressing topics such as executive presentation delivery skills, powerful gatekeeper strategies and compelling interviewing techniques.


2014
January 2014 – Net It Out
(HTML Page)
February 2014 – Net It Out, Part 2
(HTML Page)
March 2014 – Considering the Rules
(HTML Page)
April 2014 – What’s in a Name?
(HTML Page)
May 2014 – Looking Inward
(HTML Page)
June 2014 – Finding the Win
(HTML Page)
July 2014 – Old Habits Die Hard
(HTML Page)
August 2014 – Don’t Undermine it, Mine it
(HTML Page)
2013
January 2013 – It Can’t Hurt to Ask
(HTML Page)
February 2013 – Good Question
(HTML Page)
March 2013 – A Follow-up Question
(HTML Page)
April 2013 – Looking Ahead
(HTML Page)
May 2013 – Know Their Role
(HTML Page)
June 2013 – What's Your Number?
(HTML Page)
July 2013 – Delivering the Bad News
(HTML Page)
August 2013 – Practice What You Preach
(HTML Page)
September 2013 – Getting Upstream
(HTML Page)
October 2013 – Shifting the Focus
(HTML Page)
November 2013 – An Artful Dodge
(HTML Page)
December 2013 – Closing
(HTML Page)
2012
January 2012 – Call It Like You See It
(HTML Page)
February 2012 – Setting Traps
(HTML Page)
March 2012 – Avoiding Traps
(HTML Page)
April 2012 – Anticipating Traps – Part 1
(HTML Page)
May 2012 – Anticipating Traps – Part 4
(HTML Page)
June 2012 – Give and Take
(HTML Page)

July 2012 – Going Off The Grid
(HTML Page)

August 2012 – Head ‘em off at the Pass
(HTML Page)
September 2012 – Analyze This
(HTML Page)
October 2012 – The Last Resort
(HTML Page)
November 2012 – The Toughest Sale?
(HTML Page)
December 2012 – A Costly Proposition
(HTML Page)
2011
January 2011 – Ahead of the Game, Part 2
(HTML Page)
February 2011 – Kicking the Tires
(HTML Page)
March 2011 – Leverage Your Strength
(HTML Page)
April 2011 – The RFP Presentation
(HTML Page)
May 2011 – The Elevator Pitch
(HTML Page)
June 2011 – The Elevator Pitch, Part 2
(HTML Page)
July 2011 – A Delay in the Action
(HTML Page)
August 2011 – Populate the Field
(HTML Page)
September 2011 – Populate the Field, Part 2
(HTML Page)
October 2011 – Populate the Field, Part 3
(HTML Page)
November 2011 – Help Set the Rules
(HTML Page)
December 2011 – Bring in the Big Guns, or Use Your Team, Part 4
(HTML Page)
2010
January 2010 – Upon Further Review
(HTML Page)
February 2010 – Apples to Oranges
(HTML Page)
March 2010 – By Mutual Agreement
(HTML Page)
April 2010 – Time is of the Essence
(HTML Page)
May 2010 – References Required
(HTML Page)
June 2010 – Move Cautiously
(HTML Page)
July 2010 – Before You Get Trapped
(HTML Page)
August 2010 – Plan B
(HTML Page)
September 2010 – Plan B, Part 2
(HTML Page)
October 2010 – Use Your Team, Part 3
(HTML Page)
November 2010 – Competitive Position
(HTML Page)
December 2010 – Ahead of the Game
(HTML Page)
2009
January 2009 – Taking the Lead
(HTML Page)
February 2009 – A Qualifying Call
(HTML Page)
March 2009 – Presenting to a Committee
(HTML Page)
April 2009 – Follow All The Rules
(HTML Page)
May 2009 – A Third Option
(HTML Page)
June 2009 – How Much is Enough?
(HTML Page)
July 2009 – A Partial Response
(HTML Page)
August 2009 – The Price Question
(HTML Page)
September 2009 – Sell Them Well
(HTML Page)
October 2009 – Use Your Team, Part 1
(HTML Page)
November 2009 – Use Your Team, Part 2
(HTML Page)
December 2009 – Issue Your Own RFP
(HTML Page)
2008
January 2008 – Break the Rules, Part I
(HTML Page)
February 2008 – Break the Rules, Part II
(HTML Page)
March 2008 – Turning a Negative into a Positive
(HTML Page)
April 2008 – Into the Eye of the Storm
(HTML Page)
May 2008 – Pick Your Battles
(HTML Page)
June 2008 – A Rule to Ignore
(HTML Page)
July 2008 – Back to the Beginning
(HTML Page)
August 2008 – In Summary...
(HTML Page)
September 2008 – A Quick Consultation
(HTML Page)
October 2008 – Don’t Trust the Specs
(HTML Page)
November 2008 – A Suitable Compromise
(HTML Page)
December 2008 – Walk Away
(HTML Page)
2007
January 2007 – The Worst Question
(HTML Page)
February 2007 – A Helpful Acronym
(HTML Page)
March 2007 – Watch Your Mouth
(HTML Page)
April 2007 – No Reading Allowed
(HTML Page)
May 2007 – Presentation “DON’Ts”
(HTML Page)
June 2007 – Presentation “DOs”
(HTML Page)
July 2007 – A Magnificent Seven
(HTML Page)
August 2007 – Back at ‘Ya!
(HTML Page)
September 2007 – Align with the Line
(HTML Page)
October 2007 – Find the Fit, Part I
(HTML Page)
November 2007 – Find the Fit, Part II
(HTML Page)
December 2007 – Good News and Bad News
(HTML Page)
2006
January 2006 – Answer Right
(HTML Page)
February 2006 – Two at a Time
(HTML Page)
March 2006 – A Fantastic Flow
(HTML Page)
April 2006 – A Unique Opportunity
(HTML Page)
May 2006 – 5 Valuable Minutes
(HTML Page)
June 2006 – No Apology Necesaary
(HTML Page)
July 2006 – Wiggle Out
(HTML Page)
August 2006 – Extra Protection
(HTML Page)
September 2006 – Stand and Deliver
(HTML Page)
October 2006 – A Quote Worth Remembering, Part II
(HTML Page)
November 2006 – A Quote of Our Own
(HTML Page)
December 2006 – Lombardi Time
(HTML Page)
2005
January 2005 – Using a Straw Man
(HTML Page)
February 2005 – 3 For The Price of 1
(HTML Page)
March 2005 – Seeking Out The Positive
(HTML Page)
April 2005 – A Good Assumption
(HTML Page)
May 2005 – Don’t Take Okay For An Answer
(HTML Page)
June 2005 – Maintaining Control
(HTML Page)
July 2005 – Rehearse, Rehearse, Rehearse
(HTML Page)
August 2005 – Your Voice, Use It or Lose It
(HTML Page)
September 2005 – Leveraging The Phone For Research
(HTML Page)
October 2005 – Tap The Network
(HTML Page)
November 2005 – A Quote Worth Remembering
(HTML Page)
December 2005 – One at a Time
(HTML Page)
2004
January 2004 – A Timely Rehearsal Tip
(HTML Page)
February 2004 – Damage Control
(HTML Page)
March 2004 – What’s The Word?
(HTML Page)
April 2004 – The Eyes Have It, Part I
(HTML Page)
May 2004 – The Eyes Have It, Part II
(HTML Page)
June 2004 – A Surprisingly Good Question
(HTML Page)
July 2004 – A Way Outside The Box
(HTML Page)
August 2004 – Silence Really is Golden, Part I
(HTML Page)
September 2004 – Silence Really is Golden, Part II
(HTML Page)
October 2004 – Which One Are You Acting Like?
(HTML Page)
November 2004 – What’s The Buzz? Part I
(HTML Page)
December 2004 – What’s The Buzz? Part II
(HTML Page)
2003
January 2003 – Turning the Question Around
(HTML Page)
February 2003 – What to Do When the Decision Maker Doesn’t Show
(HTML Page)
March 2003 – Don’t Re-Create the Wheel
(HTML Page)
April 2003 – The “What-If” Question, Part I  
(HTML Page)
May 2003 – The “Dream Question”
(HTML Page)
June 2003 – Honesty Pays
(HTML Page)
July 2003 – The “What-If” Question, Part II
(HTML Page)
August 2003 – Some “What-If” Answers
(HTML Page)
September 2003 – An Enlightening Question
(HTML Page)
October 2003 – 4 Good Words To Forget
(HTML Page)
November 2003 – Setting the Tone
(HTML Page)
December 2003 – Go Out With A Bang
(HTML Page)
2002
January 2002 – Use of Titles
(HTML Page)
February 2002 – Handling Voicemail
(HTML Page)
March 2002 – Presentation Draft Control
(HTML Page)
April 2002 – Making Friends with the Administrative Staff
(HTML Page)
May 2002 – Using a Close-Ended Question
(HTML Page)
June 2002 – How to Handle a “Boring” Research Meeting
(HTML Page)
July 2002 – Get Personal
(HTML Page)
August 2002 – The Sure Fire Way to Open a Research Meeting
(HTML Page)
September 2002 – Getting Help from Ben Franklin
(HTML Page)
October 2002 – Write it Down
(HTML Page)
November 2002 – The Bare Necessities
(HTML Page)
December 2002 – Create an Event
(HTML Page)

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