Open side-bar Menu
 Global Business in EDA

Archive for the ‘business’ Category

Focus a Global Reseller Channel on Your Product

Tuesday, December 1st, 2020

You can turn an indirect channel into a remarkably productive sales team. Make your products easier to sell to become a high sales priority for your channel.

 

When I first engage with existing international sales channels, I find most are suffering from lack of information, support, and not spending enough time selling my client’s products. I have had repeated success by installing these four initiatives that you can implement yourself.

Share good information with the reseller

Keep the indirect channel up to date with product and competitive information. Prepare them to sell in the same way as your direct sales team. Include them in sales training, product training and product roll out events. Give them access to the same technical and marketing support as your own sales employees.

Many of my clients invite their resellers to company-wide meetings and include them in corporate conference calls and events. These events enhance communications with headquarters and form relationships with the people who will support them.

Local salespeople usually have the most up to date competitive information and regional trends. I ask the resellers attending sales meetings to present local trends, one win, one loss, and what they learned from their experience. This information illuminates what is working and what changes need to be made to help them.

(more…)

Globalizing Sales in a COVID-19 Environment

Wednesday, October 14th, 2020

Fifty percent of EDA business is typically done outside of the United States. Since COVID, driving global revenue is just as important, but more difficult than ever. I have been helping small and mid-sized EDA companies to accelerate global revenue for two decades. I hope that my experience can help you in these challenging times.

In the technology sector, and EDA in specific, almost all strategic customers have global operations. An evaluation in India, for a customer who will place an order in the United States is not uncommon. A global approach is necessary to serve these strategic customers.

In the COVID-19 market environment, it is more difficult to travel to meet and support new and existing customers. The common “visit from headquarters” is nearly impossible. Suppliers need a local team to reach and support customers locally.

(more…)

Pilot Projects Ease New Software Buying Decisions

Tuesday, August 4th, 2020

Complex products sometimes require long term use in the user environment to verify the viability of the solution being evaluated. Busy buyers have little time to set work aside and evaluate in depth.

The Pilot Project enables the use of a product before the buyer decides to purchase. The evaluated products can be used on a real project, exposing features, usability, and vendor support in a full customer experience. A successful Pilot Project lowers the buyer’s risk.

The Pilot Project must include several elements:

(more…)

The Contingent Purchase Order Reassures Buyer and Seller

Tuesday, July 7th, 2020

Who has time to evaluate?

After a nominal evaluation, an EDA tool buyer may find that a product can help improve their design flow, but it is missing a critical feature. It is risky for the buyer to purchase “as is”.

The seller may want to develop the feature. It will take time, money, and resources. It is risky for the seller to invest in developing the feature without a buyer’s commitment.

One way to accelerate this sales cycle is to offer a Contingent Purchase Order.

(more…)

3 actions a small EDA Company can take to save 2020

Tuesday, June 9th, 2020


As the market reopens, small EDA companies must reengage prospects, revive customer engagements, prioritize opportunities, and close them quickly. Many EDA companies have lost close to 6 months of active selling in 2020.

There are three actions that a CEO can implement today to accelerate sales:

 

1. Explore stalled opportunities.

Projects put on hold in Q1 are prime targets for short term business. End users have deadlines too. Every single stalled opportunity needs an urgent call to the highest relevant executive at the potential customer.

It is best to match executive levels for these calls. A small company CEO might call another CEO, or a Division General Manager at a larger company. A CTO always calls a CTO.

Begin making customer calls while competitors go back to the old ways of sending emails and waiting for prospects to respond.

(more…)




© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise