Project Eden offers a unique approach to economic development. Its goal is to turn a nation around, one community at a time. It is based on the belief that efficient businesses and markets are the driver for sustainable economic development. And when combined with spiritual renewal of the people and the meeting of basic human and environmental needs, entire villages can be turned around in a matter of years and can continue to thrive free from dependence on aid.
Tuesday, July 19, 2011
Day 3: Sales and Pricing
On Day 3, Project Eden facilitator LaMeisha Taylor taught a lively morning session on sales techniques and strategies. Using her extensive background as a sales professional, Taylor introduced the concept of the "30 second commercial" and led participants through an interactive exercise in which they practiced introducing themselves, their business, and their product/service in 30 seconds. Taylor explained the importance of building repoire with clients and understanding "relationship buying." In a country where many business owners provide the same or similar products and services, implementing these tips will help set our PE participants apart from their competition.
In the afternoon, facilitator Laurie Threatt taught on pricing and how to widen profit margins. Many participants shared frustration that in order to make the sale, they had to lower their prices to match those of their competitors. In response, Threatt counseled them to consider how they could cut their costs so that even if they have lowered their prices, they have lowered costs so that they can still make a profit. This small piece of advice was pivotal in showing attendees that the concept of profit involves examining every area of one's business.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment