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Published byKristina Taylor Modified over 9 years ago
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Selling Against The Competition
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Learning Objectives Understand TAB’s core business Understand competitors’ core business Learn what differentiates TAB from other businesses Have answers and information for prospects Understand the key to selling against your competition Know when to apply key selling points in specific sales situations
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Differentiation There are two ways to differentiate yourself from the competition: Price Value
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Differentiation There are two ways to differentiate yourself from your competition: Price Value Make your competition irrelevant! Three
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Scared? Go back to the Basics! What is your core business? What do you do well? TAB is a peer advisory board and business coaching organization that focuses on practical solutions to opportunities and challenges.
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Now, It’s Your Turn How would you describe your TAB business? What is your value proposition? What are your three points of difference? EXAMPLE: How would you respond to this question: Why should I choose you and TAB over all the others?
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TAB Basics: Solid Ground for Your Members Franchise (local ownership) Exclusive territories (more ideas) Founded in 1990 (Experience) 160 + facilitators (Strength/Breadth) Proprietary tools and processes (efficient)
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TAB Features & Differentiations Monthly SBL Coaching Process TAB Business Vantage ® assessment TAB Hotline - for members Tips From the Top ® newsletter Each TAB member presents at a monthly board meeting Several types of boards
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Who are the Competitors? Vistage (TEC) Renaissance Executive Forums Local peer boards Chamber groups Business coaching organizations (ActionCOACH, The Growth Coach, AdviCoach, Focal Point, SCORE) Business consultants Status quo – Doing nothing
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Vistage Vistage is an educational organization promoting professional development, the sharing of best practices, the ability to seek confidential help in critical situations and daily access to a global trust incorporating some of the best current thinking on business issues.
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Features Comparison TAB Franchisor Monthly half-day meetings Outside speakers election Monthly individual coaching Members are non- competing business owners Small- to medium-sized business Hotline Vistage Independent contractor Monthly full-day meetings Outside speakers Monthly individual coaching Members are non-competing business owners Larger companies
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Features Comparison TAB TAB Business Vantage - SBL $750 Business Assessment 8-10 per board 4 program levels $250-$650 per month* Located in 4 countries *Chairman's board up to $1,000 Vistage None $2,000 enrollment fee 12-16 per board 2 program Levels $870-$1,100 per month Located in 38 countries
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Renaissance Core Business Renaissance is an executive forum that facilitates peers to create improved business performance. Most similar to TAB Smaller—spread out in 9 countries
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Features Comparison TAB Franchisor Monthly 4 hour meetings Monthly coaching TAB Business Vantage SBL Hotline Local forums and workshops Renaissance Franchisor Monthly 5 hour meetings Quarterly coaching Performance management programs Strategies for Success workshops
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Features Comparison TAB 150 franchises 3,000 members Located in 4 countries $750 Business Assessment Fee $250-$650 per month* *Chairman's board up to $1,000 Renaissance 50 franchises 1,000+ members Located in 9 countries $295-$695 enrollment fee $495-$695 per month
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Business Coaches and Private Consultants TAB’s biggest competitors Limited exposure and areas of expertise Limited tools and processes No advice or input from peers Development opportunities and support programs vary Government/local programs SCORE
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ActionCOACH’s Core Business (Brad Sugars) ActionCOACH Aims to improve business processes by addressing five key areas of a business. The primary focus is offering structured consulting in marketing and sales.
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Features Comparison TAB Franchisor Monthly coaching sessions Hot-line Monthly half-day Board meetings $295 -$650 monthly* *Chairman's board up to $1,000 ActionCOACH 1-on-1 coaching 4 times a month Structured programs in sales/marketing $1,000 -$1,200 monthly
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The Growth Coach The Growth Coach Helps small business owners, franchisees, managers and self-employed professionals leverage their time, talents and resources. Holds clients accountable to themselves for their decisions and provides them with an objective perspective to elevate their performance and results.
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Features Comparison TAB Franchisor Monthly coaching sessions 3,000 members 150 franchises The Growth Coach Franchisor Group, one-on-one and telecoaching 41 franchises $2,500 per year Founded 2002
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Chamber Groups No private coaching sessions Participants sit and discuss items with competitors No business structure Facilitators are not trained Lack of attendance Limited tools or processes
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Local Peer Boards Limited advice No private coaching sessions Tools and processes vary Limited resources when compared to a national organization
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