If you missed my teleseminar last week on moving from Vendor to Adviser…Here are some examples of how I’ve turned mundane deals into profit-rich, consultative relationships:
- A firewall upgrade opportunity referred by a vendor/partner turned in large profit and product. Rather than going in with quotes and features, I presented cybercrime trends to an executive VP, identified their mission critical applications, data, and some process, and showed them how current trends are attacking companies similar to theirs. The meeting ended with an agreement to perform a simple assessment, which was then expanded to a $65,000 contract. From there we spent over a year implementing security controls, locking down operating systems, and eventually signed a three year security management agreement.
- A firewall replacement opportunity from a non-active client turned into a larger assessment and perimeter security initiative with dual-authentication and application security consulting. In this case, the client wanted to review competitive quotes. Rather than responding with numbers, we called a meeting with the VP of operations, reviewed mission critical applications, and discovered a need for stronger application security and authentication for users who are members but not employees of the organization. We proposed a simple assessment which closed for $35,000, and demonstrated the need for two-factor authentication, intrusion detection with event correlation, and upgraded various components of the perimeter as well as website security for the application in question.
- An intrusion detection opportunity with a newspaper company turned into a larger policy consulting project putting us in front of all major company stake holders. Rather than responding with numbers we were able to show the need to identify company policy in order to properly place and managed intrusion technology. This effort led to a portal based policy server, intrusion prevention technology along with managed event correlation. Future projects were easier to win with our new executive level sponsorship.
- A large network project was put on hold at a major southeast university. Instead of giving up, I was able to convince them to conduct an operational efficiency and risk study on the need for new network equipment. This allowed us to gain entrance to all major stake holders positioning us for future project business.
- At an educators symposium I was offered a breakout session to speak for free. I used that platform to present trends on cybercrime, approached being taken by large organizations, specifically in the education/university space, and was able to follow up with one of the attendees with economic buyer status. Our team conducted an assessment for $125,000, and then leveraged that relationship for introductions throughout the southeast. Similar projects followed in North Carolina, South Carolina, Georgia and Florida, many of which required remediation efforts.
- A similar speaking opportunity was given to me at a CLEC symposium for NC, SC, and VA. Similar results followed the educator symposium.
- A small staffing role was awarded to us to install some server technology in a large multimillion-dollar financial application project. By researching their proposed plan we were able to show how their approach was not going to produce the results they were looking for. At the risk of losing our position on the project, we proceeded with recommendation on how to change the program, putting us at the helm of a 3 million dollar initiative to role out a lending application nationwide.
You get the idea. Taking existing product opportunities, free speeches, and by proposing contrarian approaches, a savvy sales person can move up. One who has taken the time to stay on top of trends and developed consulting skills, can move to a consultative, and highly profitable position within the organizations they are already calling on.
© 2010, David Stelzl
2 thoughts on “Vendor to Adviser”
Knowing what Charlie Brown’s Christmas tree ends up looking like…it is a great pic for this post Dave! Keep up the great work.
Best wishes to you and yours this Holiday Season.