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Q&A: New Sports Technology Struggling to Launch

 

qnaQ&A’s are excerpts of questions I have answered as part of Sales Laundry or other forums that I am apart of.  If there is a relevant sales message for the masses I post it here to share, gather feedback and discuss.

Q:  Help!  I am marketing a new sports bat training device through independent sales reps, sales are improving, but slowly, and I need to speed up the process.  Any suggestions?

  

A:  Congratulations on getting from patent to production.  That is no small accomplishment. 

It sounds like sales are happening, but each sale is happening in a vacuum, and not having much of an impact on overall sales velocity. 

Pick a niche in your target market. Maybe it is college baseball, high school baseball, or pro, maybe it is rehab facilities, or possibly coaches, and put your available resources toward owning that niche (ala Crossing the Chasm) to begin to create some leverage out of each sale, that will make the next sale just a little bit easier. 

That should start to give you the multiplier on existing sales you are looking for. 

The next key is finding the right individuals in your selected niche that can add another multiplier to your existing sales with their credibility and influence. 

Look at that niche market and find the people who have influence over the potential customers in that niche. Instead of focusing your sales on anyone that will buy one, focus on the handful of guys that carry enough influence to multiply the leverage benefit of each individual sale. 

Where do you find these guys? Look at trade organizations, governing organizations, boards of directors and consultants for major baseball sporting goods manufacturers. Or it could be as simple as finding that old guy that everybody knows who has been around the game forever and knows everybody who is or was anybody in the game. Look to one of the statesmen of the game along the lines of the late Buck O’Neil as a fine example. 

I would also look to entrepreneurial ex-baseball players with hall of fame reputations. Look for the guys that are out of the game, have the contacts you need and are building business empires of their own. Nolan Ryan is one that comes to mind. 

I had to make a lot of assumptions here, but I hope that helps.