TIE holding TieCON 2007 in KHI with VC companies

April 7, 2007

Rozee TIE Karachi and TIE Lahore seems to have pulled together an impressive arsenal of partners for what seems to be an impressive event.

TieCON Karachi 2007 seems to be one of the biggest planned event for Entrepreneurs that I have heard of in recent years.

From the advert sent out by Rozee, the key speakers of the event are as under:

Arif Naqvi CEO, Abraaj Capital, UAE
Asad
Jamal
Founder, Chairman & CEO, ePlanet Ventures, USA

Zouhair Khaliq President and CEO, Mobilink, Pakistan

Harpal Randhawa Founder and Chairman, Gem Group, UK

Shaukat Tarin Chairman, Sinthos Capital Advisors, Pakistan

Monis Rahman Founder, Chairman & CEO, Naseeb.com &
Rozee.pk
Seema Aziz Founder, Care & CEO, Bareeze,
Pakistan
Ghouse Akbar Chairman, Princely Jets, Akbar Group,
Pakistan
Amir Adnan Founder, Amir Adnan & FNK Asia,
Pakistan


Dr. Kotler holding online video-conference for Pakistan

April 7, 2007

Philip Kotler, selected the #4 management guru of all time, and author of the textbook on Marketing: Marketing Management, one of the prioneers of Social Marketing (Not to be confused with Community Marketing) and adored by MBA grads all over the country — is going to be presenting in our own Lahore, Pakistan  over a live video conference for Pakistan on April 27, 2007.

The event, I believe, is sponsored by Dawn Bread. is supported by a number of companies including CNBC Pakistan, Dawn group and others I couldn’t quite catch on the advert.

Details are very scant, in that I dont even have a venue for this — can you guys ask around the grapevine to dig up more information and add it to the comments?

Oh and after the event come back to Green & White where hopefully in time I might start describing the global marketing trends that leap-frog Kotler’s textbook theories.


Wateen’s Triple Play and Wimax launched in DHA Lahore on limited testing basis

April 7, 2007

Wateen is apparently launching a limited public “beta test” of their triple-play and WiMax services.

From what I gather from their website and TV tickers, here are the details.

  • Voice and Video Calls
  • 2 Mbps uncapped internet
  • Digital TV with Pay-per-view movies
  • Price Point — last I heard it was around Rs.500/mo.

The CPE details are vague, but Wateen is using Fibre-to-the-curb in DHA and a Motorola Canopy WiMax equipment, so I’d say it is going to be cheaper than the Rs.30k Fibre Router provided by Nayatel.

Interesting, but no time for analysis yet — one of my draft stories was going to talk about this before it launched, but well it has.

If anyone gets the chance to test out this service, give me a comment — I believe Qazi (one of the readers) lives there?


In Lahore, Pakistan, structured sales sometimes begins with the closing phase…

April 7, 2007

I thought this post might be revealing some ancient trade secrets of
the industry, but I think its more of a case that people need to
know. The more we observe, and analyse, and discuss and debate, the
farther we can go towards a more professional ecosystem.

Geoffery James from BNET wrote a little while ago that Structured
Sales Techniques were getting obsolete
. I would invite him to study the Lahore market as a case study.

Once in a while I see an interesting sales process here sometimes, and if I were to formalize it into a model, it would go something like this:

Step 1- The Closing Phase
Before you have even had the chance to meet, or send any information about your product or services, you go into the Objections and Closing phase. The potential customer will typically make very deep assumptions and generalizations about who you are, what you do, how you operate, and will start negotiating with that perception in mind.

The conversation will begin with objections such as “Look, people like you will probably charge too much more than what I will be able to afford for something that might not be needed, so I dont think we should move forward” — mind you this will probably be the first sentence out.

Step 2- The Cramming Phase
For every one of these objections, you will have a little over a few seconds to come back with a response. The art is to structure your response so that through those responses you describe who you are, what your products or services are and how there is a business case to take it further.

E.g. you will hear “You probably do too many things and wont be able to focus on our project” to which you will not only handle the objection but also provide information about your relevant products — mind you this will the first time products come up in the conversation.

Interestingly enough, the questions fired at you during this negotiations is also the limited time you have to learn about the customers’ needs. What are the specific direction of work in which he is objecting?

Finally, this is also the phase in which you will be simultaneously be pitching solutions, running costing through your head and pitching prices until something works out between both. You will, ofcourse, have those few seconds after the objection to do all of that.

Step 3- The Agreement
Eventually, the closing and clarification phases come to an end, and both parties would already have reached consensus or middle-ground on pricing, the relevant product, and the options. This usually happens with one of the following:

a- The prospect has nothing left to object about
b- The salesman has convinced him that the prospects’ Point-of-view is vehemently mistaken and that the salesman is infact correct
c- The salesman has put some major leverage on the table, e.g. “Sure but we’re the only people who control the supply lines for this”

After that, a proposal is typically not made, and the parties go straight into a contract and execution.

Analysis
You may call this an efficient model (or not) but it is certainly one which is insulting to the sales professionals.

How many times do you like hearing from someone you haven’t even met “See the most depressing thing about you is that firms like yours probably offer many consulting areas… so that means you’re a Jack of all Trades, so I KNOW you actually dont know anything anyway”

That, when all you had to ask was something more like “How many consultants are you in total to be able to cover so many areas?” or “How much of your past experience is relevant?”

So how do you win? You attack back — this country thrives on the lack of clear industrial information rather than on the proliferation of it.

You start breaking down all aspects of the prospects business and tell them they run a shop headed for imminent disaster because of some rumor you had heard here>, and that without your help they are a doomed group. You argue, rant, debate, emotionally challenge, cut-off, shout and often scream to each other to get the job done.

Then you just sign the contract and execute. There goes the Relationship.

Do I do that? No, but I hear from top-notch salesmen in Lahore that this is one of the tactics used.

Whether my choice of focusing on building relationships instead of this tactics is the right choice or not, I will say that it bothers me quite a bit — looking at such a conversation from the context of a human to human interaction, it bothers me a lot. How does a relationship that sets off on this foot head in good directions?
I have not seen this in Islamabad or Karachi, but I see this in many (not the majority) of small businessmen in Lahore.

The majority of the people that I speak to are thankfully exceptionally professional, and some of the leading professional companies in Lahore would include Nestle, Ovex Technologies, Techlogix and a few others.

Final thoughts
It would be good for Geoffery to give me his more expert analysis of this as a sales process.

Would also like Donald Trump’s thoughts — After all, he thinks New York is a tough place. Boy.


Better posts coming from Islamabad

April 7, 2007

Some lessons learnt: Never try to write Green & white posts during a busy business trip.

I’ve written (and then deleted) some pretty lousy posts this week (3 of them so far) so now I will just write once I am back in Islamabad, which should be Tuesday.

The 15 stories in draft will have to remain in draft until then