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ISBN 13: 9781573877237
Author: Michael L Gruenberg
oth sides of the negotiating table are represented in this practical and much needed guide by Michael L. Gruenberg, a veteran of the electronic information field. With more than 30 years selling information to a wide variety of libraries, Gruenberg's time-tested tips, techniques, and strategies will be welcomed by information professionals and sales professionals alike.
The author's personal stories are geared to helping librarians and salespeople understand what the "other guy" is grappling with in order to achieve the best possible outcome for everyone with special attention paid to the needs and interests of the end-user public. The insights and knowledge presented in Buying and Selling Information shed light on the importance of relationships, some harsh realities of the business world, and the "music" of the sales experience.
Part I: The Information Marketplace
Chapter 1: The New Information Landscape
Defining "Information" in Today's Market
The Information Economy
The Evolution of Information Providers and Consumers
Chapter 2: Understanding the Players: Buyers and Sellers
Who Are Information Professionals? (Librarians, Researchers, Analysts)
Who Are Information Salespeople? (Vendors, Account Managers)
Common Goals and Conflicting Interests
Part II: For the Information Professional (The Buyer)
Chapter 3: Needs Assessment: What Information Do You Really Need?
Identifying Information Gaps
Quantifying Value and ROI
Building a Business Case for Information Acquisition
Chapter 4: The Procurement Process: Finding and Evaluating Vendors
Vendor Discovery and Research
Request for Information (RFI) and Request for Proposal (RFP)
Due Diligence and Reference Checks
Chapter 5: Negotiation Strategies: Getting the Best Deal
Understanding Pricing Models
Leveraging Your Position
Contract Review and Key Clauses
Chapter 6: Beyond the Sale: Managing Vendor Relationships
Performance Monitoring
Resolving Issues
Building Long-Term Partnerships
Part III: For the Sales Professional (The Seller)
Chapter 7: Understanding the Information Professional's World
Their Challenges and Priorities
Their Budget Cycles and Constraints
Their Decision-Making Processes
Chapter 8: Identifying and Qualifying Prospects
Market Research and Segmentation
Lead Generation Strategies
Effective Discovery Calls
Chapter 9: The Sales Process: From Pitch to Close
Crafting Compelling Value Propositions
Handling Objections
Closing Techniques
Chapter 10: Building Trust and Long-Term Relationships
Post-Sale Support and Onboarding
Customer Success and Retention Strategies
Becoming a Trusted Advisor
Part IV: Building Mutual Success
Chapter 11: Bridging the Gap: Effective Communication Between Buyers and Sellers
Active Listening and Empathy
Setting Clear Expectations
Feedback Mechanisms
Chapter 12: Ethical Considerations in the Information Business
Transparency and Honesty
Data Privacy and Security
Building Reputations
Chapter 13: The Future of Buying and Selling Information
Emerging Technologies and Trends
New Business Models
Continuous Learning and Adaptation
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Tags: Michael L Gruenberg, Selling, Buying