Improve Your RFP Responses
7 proven ways to make your proposals stand out among the competition
July 1, 2008
Edited by: Ken Beaulieu in: Strategic Communication
For many companies, responding to requests for proposals (RFPs) plays a major role in a business development plan. But it’s also a task that can hone a company’s performance and strategic communications skills and improve its chances for getting new customers. Michael Ferranti, CEO of Endai Worldwide, a New York–based integrated Internet marketing and search engine optimization firm, offers these seven tips for making your proposal stand out among the competition:
- Always read the instructions to bidders — closely, then closer still. A poorly written overview can frequently be a source of tension, but it’s important to realize that you can ask questions. If you need to request additional information, do so early in the process.
- Strive for a clear vision and concise copy. Once you have a clear definition of the assignment, organize your team and map out the objectives for the proposal. Remember, clarity and brevity win hands-down. This is a time to convey your company’s personality, work style, and ethics.
- Follow instructions and formatting carefully. When reviewing your initial draft, make certain that you thoroughly check the content against the original RFP, to make sure you’ve covered all specifications.
- Assign tasks according to strengths. Different employees have different strengths. When you begin the process, make sure you take a team approach to getting things done. No one person should be given complete responsibility.
- Stick to budget targets (if given). Be honest and crystal clear about your billing practices. Clients have a legitimate right to point back to your proposal during contract negotiations and the project itself.
- Invest in research and creative. A few minutes spent on Lexis/Nexis (or Google) can allow you to demonstrate your knowledge of a prospective client’s business.
- Be true to you. No matter how enticing a project or company may seem, you don’t want to lose money in the long run. Being true to your own values is essential.
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July 8th, 2008 at 8:23 am
I wrote a similar, albeit shorter article on the CIO magazine website entitled “Raise your RFP ROI [http://advice.cio.com/confluentdave/raise_your_rfp_roi]” which agrees with many of your thoughts. I also run the RFP Database [http://www.rfpdb.com] which I created so that sales people wouldn’t have to hunt to find RFPs, but instead they’d be able to effectively trade them like baseball cards in order to get ahold of RFPs that they felt they were better situated to win. We have to choose our battles wisely and invest our time and effort where we have the best chance of winning.
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