Are you a Sales Fraud?

Ask people what they do.

 

Have you ever had a 22 year old financial advisor tell you that he works with “high net worth individuals”? Yeah! Right! Like I’m gonna trust some theoretical kid with my life savings.

I just read a blog post that was written by a marketing consultant. Truth be told, I think that the consultant is a pompous, self-absorbed has been, but the post was tweeted by someone that I respect with a shortened link, so I didn’t know where I was going when I clicked through. I read the article anyway because I didn’t want to have a closed mind. The post had 21 links in it. All 21 were to the author’s website. Come on. Nobody else knows ANYTHING? We’ll see how long it is before his competitors take the rest of his business.

 
 

I had a conversation recently with a CEO that has many clients in the $10M space, but felt qualified to target the Fortune 100 space. Interestingly, the CEO has done very little to get into the space and really has little experience in the space. I was a little surprised that the CEO didn’t ask me if I had any ideas. (Probably figured that I’d try to “sell him”.) Anyway, I decided to check out my ‘one introduction away’ LinkedIn connections to Fortune 100 companies.

  1. Walmart – thirty three 1 intro connections: including an EVP and a Senior Brand Manager
  2. ExxonMobil – three 1 intro connections: including a VP-HR
  3. Chevron – fourteen 1 intro connections: including the COO of a division
  4. General Electric – sixty eight 1 intro connections: including a social media manager and a dozen with SVP or global in their title.
  5. Bank of America – sixty eight 1 intro connections: including 108 VP’s (I thought everybody at a bank was a VP?)

Anyway, the point is, Fortune 100 isn’t my space, and I could get me introduced. If this CEO feels that he fits in the space, shouldn’t he be able to get himself introduced?

I don’t know. That’s what’s on my mind today. 

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One thought on “Are you a Sales Fraud?

  1. Rick,
    I totally agree with you on this point, but…

    …at some point we may be looking to bump up to the next level of more strategic business. In your mind what does it take to do this? Becoming a Fortune 500 company in order to do business in the Fortune 100 class? Or is it something else in your opinion. Granted, I have no plans to go after F100 because I know it is out of my league, but I am a small company. Maybe you are also saying that being a smaller company and going after successful small companies could be highly lucrative. Is that your point?

    What are the typical growth success points you see making an easy transition for growth oriented companies?

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