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Key Account Management: The Ultimate Guide

Hubspot Sales

As professional services firm BTS points out , key account programs often lead to increased costs and lower margins. But if you use the right key account strategy, you'll reap greater sales volume and long-lasting strategic relationships. The Benefits of Key Account Management. Key Account Management Strategy.

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15 Reasons Why You Might be a Bad Account Manager

Account Manager Tips

Has no plan Which clients need an account plan? Account plans are help you define your key account strategy. Key account managers without an action plan will fail. Bad key account managers don't prepare. You can't expect to have satisfied, loyal, and profitable customers when you don't prepare.

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Why Your Organisation Needs A Customer Crisis Plan

Jermaine Edwards

Regardless of the size, maturity or sophistication of your organisation, you can apply these ideas to protect your profits, reputation, relationships and revenues. Since then, Best Buy has grown profitably every year. Simply put, having a Customer Crisis Plan means you’ll sleep better each night you have it in place. Reference Content.

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Becoming the expert for your customer

Jermaine Edwards

Some additional questions we can ask to help us explore opportunities in each area are: Relationships (R).

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The single most important skill in key account management

Jermaine Edwards

We created new opportunities, maintained profitability and formed new partnerships. Almost never in the world of success and key account management, do we hear about the importance of leadership. It wasn’t until we moved from customer management into personal and customer leadership that things shifted significantly.

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Why change may make your customer results worse

Jermaine Edwards

They began to see 20% of their customer base move to explore manufacturing overseas to reduce their own costs, access new markets and grow their profits. As a Key Account Manager or Director you must begin with identifying the difference between the customer and the industry. Not every pivot is a huge investment and neither was this.

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The 10 Immutable Laws Every Business Needs to Follow

Jermaine Edwards

A software company selling digital print solutions to a large engineering company maybe helping solve a range of challenges; cost savings, profit maximising etc. The big idea is this… What your customer bought from you today helps them get to where they might want to go today, but it doesn’t always reflect who they’re trying to become.