Graphic Arts Magazine May 2019 | Page 17

Cover Story colour to standard printer paper. Add to that, printers today must follow stringent government regulations that dictate the limited ways in which they can dispose of waste products. On the surface, it looks like the printing industry can’t catch a break! Before anyone starts crying Argentina, as bad as it is for the printing industry, they are not alone. They are in good company with the office equipment industry who, over the last two decades, have been battling many of the same technological changes faced by the printing industry. I personally sold on the frontlines in the 1980s and 90s for two of the biggest office equipment manufacturers. I witnessed firsthand what unfortunately for me and others, became a fact of life … technology has leveled the playing field! The delta between what a printer can do and what can now be done in-house or individ- ually, has demonstrably narrowed! It used to make me a little angry – and maybe a little scared – but today I smile when I look at the multifunctional, plain paper, colour printer [MFP] beside my desk and marvel at what it can do for a couple hundred dollars. I am still awed by the fact that a machine back in the mid-1990s, that can do what it does would have cost in excess of $150,000. Suffice to say, I am no longer in that business, for good reason: that segment of the industry doesn’t exist anymore. As international speaker and business guru Peter de Jager would say, “That industry marketing model reached its vapour point!” Just like the ice-man in the early 1950s when GE invented the first affordable home refrigerator, the marketing segment didn’t go away. Its fundamental marketing model transformed. So where did the low-end printing business go? You’ll find it on shelves in any Staples store or online at Amazon. In less than 48 hours, I can have a state-of-the-art, multifunctional printer in my office… and with my computer, I’m instantly in the printing business! Sadly, that’s one of the biggest @graphicarts problems printing companies are faced with today. There’s no mystery to the fact that ‘sales solve most problems’. So, what can be done to drive new sales? Q: Is the Way you’re selling… the Reason you’re not selling? At the risk of sounding glib, if you’re happy with your current sales, then keep doing what you’re doing. Norman Vincent Peale once posited that to change your current situation/outcome you must change what you’re currently doing. You can start by asking yourself a number of questions, like: What is your company’s unique value-add compared to the competition? What areas of the business are you not good at? Why? What are customers saying is the reason they come back to you? What is the reason/s customers leave you? What is the one product or service you are best at? Why are you best at that? How, When, Where, etc. does this make a positive impact on your bottom line and for whom? I could go on, but it is important to any business plan to look introspectively and honestly to find the answers you seek. As motivational sales expert Zig Ziglar used to say, “Questions… are the Answer!” What you don’t ever want to do is to compete on price! I have long maintained: “Discount selling is the first and final refuge of the unskilled seller and the company that’s going out of business.” Unfortunately, too many small to mid-sized companies fall into this trap and pay the ultimate price – bankruptcy. Embolden yourself with the notion that people will pay more for something they value. Your job is to find out what each of your customers values most. Is it speed, quality, reliability, flexibility, creativity? Once you have established their express needs and expectations, you can build on that in your discussions with them, with your marketing material and your professional sales-pitch. It is understood in the selling business that customers often need us to remind them of what they want and desire and how it is our unique products and services that meet their needs. Have you tried offering ‘customer incentives’? Incentives can come in many forms: volume discounts, refer- rals, loyalty rewards, advanced creative / design services – the possibilities are endless. Incentives need not be the same across the board. In an article I wrote entitled, “The Incentive Dilemma” that appeared in a past issue of this magazine, I said, “Any incentive cam- paign designed to fit everyone, in the end, fits no one.” Go back to the last paragraph where I advocate the import- ance of finding out what each customer’s express needs and expectations are and build a marketing strategy that addresses it/them. Incentive programmes follow a similar stratagem. Simply, what motivates one customer may not be a motivating factor for another. Whatever your incentive is, it should be of value to ‘that’ customer or it’s valueless. The KISS Theory: Most customers by nature are like electricity. They tend to take the path of least resistance, especially if there is a timeline to be met. That’s not to say they are lazy or untoward. In fact, just the opposite. Good customers look to simplicity to make things happen. Of ten, incentive programmes fail miserably because of innate complex- ities either in their accounting or in how rewards are won. If you put the customer in a position where they are forced to assess, “To get this, I first must buy this, plus these, and not these, and they must include these,” you are creating a recipe for confusion, frustration and failure. In the end, the incentive programme becomes a disincentive. The remedy? Printers must keep the programme sweet, simple and attainable. There can be no ambiguity. Anything less will result in a lack of interest, as well as a waste of time and money that can sometimes spill over into your employees whose task it is to administer and account. They can lose interest too. Education: Edison may have invented the light bulb, but it never went anywhere until GRAPHIC ARTS MAGAZINE | May 2019 | 17