Monday 11 March 2013

IRD Bucket - Most important for Sales


Selling is always like playing a PIANO. If you don’t love selling, you will never make it. Like you see different keys in piano, you will see different departments within sales. Like every key produce a unique sound, every department within sales deal with a unique work. 

Marketing, Business Development and finally Sales they are again further sub-divided into too many departments based on the uniqueness of work. 


“Selling is all about convincing a customer to buy” has now become a Stone Age statement, after the introduction of online selling market like e-bay and search engine boxes like Google.


With increasing competition, POTENTIAL MARKET is the only strong answer for a big question where is my business? With companies like Gartner and Forrester, identifying potential market has become easier but the visibility of the same information to multiple competitors is increasing the challenge and competition. On the other side it is making the decision maker’s job tougher to weigh and decide on the right vendor


Creating awareness to the Decision Maker is where most companies waste time. Decision Makers unavailability or Inability to reach the Decision Maker are the two big challenges and they both mean a big loss to any organization.


IRD Bucket:

Here comes the importance of IRD Bucket? What is this IRD bucket?


I – Influencer; R – Recommender; D – Decision Maker

 Decision Makers decision is critical and that decision in other way can also be called as a “Sale (or) a Business”. Most of their decisions are either influenced by Influencers or recommended by Recommenders. 
So, identifying Recommenders and Influencers are as critical as identifying the Decision Makers. Now the question is, who is that Recommender and Influencer?

Influencers are somebody who can influence the Decision Maker like his Manager, Friend, Expert and etc

Recommenders are somebody who can recommend the Decision Maker like his colleagues, Team mates, sub-ordinates and etc

So in my opinion try and spend good time with Recommenders and Influencers. Try to gather more information regarding your situation and if possible take a reference to reach the Decision Maker. I hope this will help you overtake your competitors.