Grizzly or Coyote?
This entry was posted on 1/18/2008 4:40 AM and is filed under uncategorized.
A few days ago I posted. Rob commented and I replied. The following is Rob's inaugural post.I sometimes feel jealous of guys like Rick Roberge. He sells a
product (please allow me to group tangible products with services for this discussion) that can help almost anyone he bumps into. He and his colleagues can go to any trade show they choose and consider the folks in virtually every booth to be prospects. Rick is a
grizzly bear wading into a stream full of tired salmon. All he has to do is reach out his big paw and grab hold of a fish.
Our customers are few in number, and they’re scattered all across North America. My
products are useful to a select few people and companies that build or perform specific products or tasks. When I attend a trade show for one of the industries we address, I’ll be lucky if 2% of the exhibitors can be prospects. If we are exhibiting at the best shows for us, it is unlikely that more than a handful of the attendees can use our products. Picture
Wile E. Coyote chasing that darned roadrunner!
When I stop feeling sorry for myself after a bad day, I come to recognize that Rick is not close to being the only grizzly wading into that stream. In order to eat, Rick has to be quicker than his neighbors. Sometimes, he may even have to fight them off if they try to steal his salmon. When I speak to a prospect, there is only a small chance that he knows of anyone else who can do what our company can. He may have other methods he can use to achieve his goals without using my products, but if he is convinced of the benefits we provide, he won’t have many other choices.
So, who has the better deal? Would you rather sell to a huge market against lots of competitors, or to a niche market that doesn’t attract a lot of other players? Is it better to be a grizzly or a (fictional) coyote?