Archive for the Category ◊ career strategy ◊

Cultivate a more intimate network for greater engagement

By Pat O'Donnell | December 8, 2011

executives in circle holding handsI get 6-10 requests a day to connect to people on LinkedIn. One third of them I know from past interchanges, but may not have spoken to them in months. I always ask everyone by return email to introduce himself/herself or update me by phone and tell me how I can help most effectively. To protect my own business value, I want to screen access to my clients, especially if my name is being mentioned at the same time. Few respond.

Consider this. People in an intimate network where everyone knows each other’s agenda and abilities well are much more likely to help each other. This is true in or out of LinkedIn. If you don’t move the relationship beyond a simple handshake, business card exchange, or connection in LinkedIn, don’t expect much assistance in return.

If you want access to someone’s network or other kinds of help from them, first make a case for why you will be a terrific ally. How clever you are and why you are a “must meet” resource. Your thought leadership.

Honor the other person’s business relationships. At a networking event I watched someone share one of his best client’s name at 3M with someone who wanted to interview there. The lead giver – we will call him Pete – with the best of intentions, called his 3M client and made a case for why the 3M executive should see the job seeker – whom we will call Kate. 3 weeks later Kate had not called, and Pete was embarrassed and annoyed that he had misused the 3M exec’s time. The 3M exec sent a negative reference on Kate to 3M HR without meeting her. He also avoided Pete’s next phone call.

If you want someone to share his/her resources, respect and cultivate the relationships that go with them.

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Topics: communications, getting ahead, hidden job market, networking, selling skills, visibility | 2 Comments »

Who is out the longest

By Pat O'Donnell | December 5, 2011

Man with bag over headAt a recent breakfast with other career professionals, we got into a discussion of the characteristics of who is likely to be out the longest when unemployed.

The most common trait: Too little awareness of his/her value to the businesses he/she has come from versus other available resources.

In my practice, these folks fall into two sub-segments:

The Traditionalist:
• Someone who has worked for a single company for 10-20 years and after being laid off, has had no luck getting back in. Doesn’t know why.
• Doesn’t really know to what degree or when he exceeded expectations at the last employer. Not sure how he was ranked versus other employees, except that he was kept on many years and made quotas most of the time. “My boss/company took care of me.” To be fair to this person, education (and religion) in this country breeds workers to let their companies manage their fate.
• Is pretty sure he is out of work because of big business, the Democrats, Republicans, or “poor management.”

The Arrogant:
• This person has progressed through the ranks and has successfully held a number of (3-6) of senior titles such as Director or VP. But now has been out over a year and gets interviews but no offers.
• Since he achieved Director+ level, is pretty sure it can’t be his fault. On the other hand, seems to have forgotten that, at the top of the pyramid, there aren’t enough chairs for everyone to be assured a chair when the music stops. The music has stopped a lot in the last 5 years.
• Talked to one of these the other day. Has achieved CEO and President of several medical device start-ups and companies under $30 million. But in his resume all he says is “I was CEO.” Describes the mergers and acquisitions that occurred while he was at the helm but doesn’t show what mission critical strategies he owns versus other senior staff involved in the same M&A. Makes no effort to show for which future companies and problems he is the best ROI (return on investment.) Doesn’t think he should have to.

By the way, the folks with these problems are more likely to be male (women are usually more self-aware and/or paranoid,) and very likely to be over the age of 50.

So if you suspect you have a bit of these traits, what do you do? Go back to former co-workers and bosses and identify what you did better/differently than other people they have interacted with at the same title and experience level. This is not the time to ask people who will say nice things to you because they don’t want to hurt your feelings. Learn to craft the arguments that will set you above all other pitches for whatever segments you can be the best ROI for. I know how to do that if you don’t.

Be willing to admit that in today’s market we all need to sell ourselves to our workplace, industry, family, and community 24 hours a day, 365 days a year.

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Topics: branding + positioning, communications, getting ahead, leadership, selling skills | 3 Comments »

You won’t get what you don’t ask for

By Pat O'Donnell | November 11, 2011

A reminder that generating a job offer is not different from closing a sales deal.

1. You can’t expect to be the preferred resource when applying for a job at a particular company if you don’t know what product to offer. You must listen/do research to learn VOC (voice of customer) and then address the relevance and value of your product and services. Client will be looking to solve a specific problem like fix products now flat or in decline. Grow profit. Even if your resume has a track record of success, it has little value if it has questionable relevance.
2. Providing facts and features about you does not move the relationship forward by itself. Trust and relationship are crucial to the selling process. The client will prefer someone with lesser credentials on a superficial level if that person comes highly recommended by someone the client trusts. Resumes offer too little depth or proof of connection of you to the results claimed to offset that. Single interviews don’t often solve the problem because clients are not usually trained interviewers.
3. Network with several people at a company first, send resume later. Listen 2/3, talk 1/3.
4. “Consulting” with a client you would like to work for permanently without a designated selling process may distract and pre-empt closing a deal. Similarly, offering too much information during consulting, networking, and interviewing without closing the deal encourages the client to ask for more free advice/details without committing. A gift of gab does not equal selling.
5. A direct mail piece gets a .5-2% return at best. A superficial resume sent to a portal generates similar results.
6. You are highly unlikely to get what you want from a sales meeting or interview if you don’t ask for it and specify exactly what you want and provide specific rationale for deserving it. “I want $200K salary base and $200K is justified for these reasons…” “I want the open Business Development Manager role, and I am the best candidate over other Biz Dev Mgrs with the same amount of industry experience and sales success because of these reasons…” The sales trainer John Baker says 3 reasons establishes a pattern and builds just enough intrigue to consumate the deal.

If you want more in depth training on closing deals in person whether or not you are a professional sales person, read The Asking Formula, by John Baker. He is a fun trainer for any audience.

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Topics: communications, getting ahead, hidden job market, interviews, negotiating, networking, resume + cover letter, salary, selling skills, technical skills | No Comments »

Do LinkedIn well or stay out

By Pat O'Donnell | November 3, 2011

exec with 2nd place ribbonI really do believe that most LinkedIn profiles (and resumes) send a more negative than positive message about their owner because not enough thought or positioning differentiation has been put into them. Too many profiles make the owner look like a commodity player, or, even if metrics are provided, don’t leave the reader convinced that this executive was the key to why company sales grew 10%. More importantly, 75% of readers of your LinkedIn profile are not looking to hire you but are looking for someone to answer a question or be the source of a referral. To receive those queries and turn them into networking opportunities, you need to demonstrate EQ or social intelligence in your profile and LI activities. So spend a few minutes re-examining your LinkedIn presence and consider these questions:

• What comes to mind when people think about me as a professional brand? What have been my greatest personal successes or epiphanies? How am I different from others with the same title? How am I better? Have I demonstrated it convincingly?
• When a company has never worked with me or my firm previously, what do they want the most assurance about? Do I reflect knowledge of how my customers measure success and excellent customer service?
• What issues in the industry am I very knowledgeable about or do I want to promote? (Green energy, less government regulation…)
• What business issues do I have a personal passion about? (Ethics, empowering others, world peace…)
• Have I demonstrated my willingness to help others whether it makes me money or not?
• Have I said all of this in a way that identifies for which target audience or company I am most valuable or most interested in for the future (which might be different than my last role?)
• Have I provided references from key customers?

You get the idea. To be seen as the preferred resource in LinkedIn, you need to present yourself as a multi-dimensional executive whom not only has credible technical competency, but can and wants to collaborate, facilitate, and empower the world around you.

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Topics: branding + positioning, business skills, communications, getting ahead, leadership, selling skills, technical skills, visibility | 3 Comments »

Good networking is “permission marketing”

By Pat O'Donnell | October 14, 2011

Abandon the idea that, in order to be a good networker, you must learn to approach strangers with a sales pitch that convinces the listener to introduce you to their boss or best clients in 3 minutes or less. While this “speed dating” strategy is featured in some professional associations where everyone has agreed to it before the meeting, it doesn’t work as well as other methods. In fact, studies show this kind of “cold call” networking works for only 1-2% of the people who try it outside of the pre-approved environment. The same studies indicate that even 80-90% of professional sales people fail at it.

The best results occur from networking structured as “permission marketing.” What is permission marketing? Amazon.com is an example. You invite Amazon.com (give them permission) to share book descriptions and recommendations with you. Over time, they show you more books, learning your preferences, and you develop trust for their recommendations. Eventually, you are likely to purchase 35-70% of the books they recommend without hesitation.

Good business networking results from a similar, mutually beneficial, informed relationship. For that relationship to bear fruit, the other person needs to:

  • Know you in some detail to know how you are relevant to him/her and what you might need
  • Understand your differentiation from others with similar titles
  • Trust you – which is strengthened by repeated and frequent encounters over time

The most effective currency of exchange is business information in the form of leads, advice, trade articles, cutting-edge news, compliance updates, and editorials from industry thought leaders (whitepapers, blogs, etc…) Studies show a business contact is most interested in information that helps him/her to make money, save money, or be more efficient, in that order. Doing them a personal favor like finding sports tickets ranks a distant 4th.

You need to offer to help someone 3-4 times before they are generally willing to offer anything they consider high value in exchange. Hence, giving is more effective than asking in a networking relationship. Quality of relationship is more important than quantity of contacts. A great first question by you to a new contact is “If I could help you find a solution or solve a problem, what would it be?”  You want to uncover VOC (voice of customer) as soon as possible in the relationship. The more distant the contact initially (a friend of a friend), the more nurturing will be required before they share back.

So treat networking like any other business strategy. Devise a carefully constructed “marketing plan” with stratified target audiences and messages or articles selected to provide maximum business or social impact with a particular audience. Track your results and test market new approaches. Don’t let networking be an accidental or infrequent event when you have nothing better to do. Like any other business investment, for it to deliver the most interest, networking needs to be carefully allocated and deposited well before you need to withdraw the assets.

 

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Topics: branding + positioning, communications, getting ahead, hidden job market, networking, selling skills, solving problems, visibility | 1 Comment »