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 Global Business in EDA

Posts Tagged ‘accelerate’

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.

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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:

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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.

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