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Referrals best source of new sales for start-ups

MENTORS

Mark Kellett

Mark Kellett has held the position of CEO for Magnet Networks since November 2007. Previous to his appointment, Kellett was group finance director for Yahoo! Europe where he served from 2004 to 2006 as a member of the European executive board and chairman of the Irish board of directors, providing organisational leadership to a worldwide finance and operations team. A key achievement at Yahoo! was the establishment of the European Shared Services Centre and securing the necessary IDA backing/funding.

Other career highlights include a senior role as worldwide finance director for Network Appliance based in California and a position as EMEA finance manager for SUN Microsystems based in the UK.

Kellett is a keen sportsman and was part of the first Irish expedition to Mount Everest in 1993, and subsequently went on to train as a mountain leader. Kellett was also selected to play representative rugby in England.

Kellett is a qualified accountant and holds an MBA from Manchester Business School.

Referrals best source of new sales for start-ups

08.03.2010
Mark Kellett, CEO of Magnet Networks, says to anyone starting a business that the best way to get sales is via referrals.

He says the easiest and best place to find a sale is off the back of your first sale: "Ask the client whether they were satisfied and liked what you’ve sold them and whether they would be willing to refer you to their customers and suppliers.”

A lot of people don’t do this when they start out in business, but Kellett says it’s critical.

“Professional selling is exactly that – a profession. The winner of 'The Apprentice' Steve Raynor was successful because he used references from customers. If you’ve provided a service to the local accountant, for example, he will typically know a couple of hundred businesses in the locality. Ask him would he be willing to refer you to them.”

People buy from people

The golden rule with sales is that organisations don’t exist in a customer’s mind, he continues. “People buy from people. You need to understand who is in your network. Ask yourself are you trying to sell vertically, ie into a sector such as pharmaceuticals, or are you trying to sell into a certain function within organisations, like human resources.

Make use of your existing contact channels

“Don’t try to take over the world when you’re selling in the beginning. Use your existing network of contacts such as on Facebook and LinkedIn. These channels are very good for reaching professionals or people coming out of college.”

Mark Kellett

Contributed by
Mark Kellett

Magnet

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