article thumbnail

RFQ vs. RFP: What’s the Difference?

Hubspot

Have you ever shopped for something online, compared prices, and read reviews until you knew you were making the right decision? In the business world, the process includes having vendors or companies submit RFPs (request for proposal) or RFQs (request for quote) so you can compare their products and services. Preparation.

RFP 98
article thumbnail

The secrets to closing a multi-million dollar deal

Zoominfo

Between an 11-month sales cycle, a $0 deal, and a request for proposal (RFP) with 67 people on one call, Lyon’s greatest challenge — despite hurdle after hurdle — was keeping the faith. The first company announced its acquisition two years prior to when it actually took place. Challenge #4: The 67-Person RFP (October 2020).

RFP 246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Tips for a Successful PR Agency RFP Process

Walker Sands

A Request for Proposal (RFP) is often the first stage of the PR agency selection process and attempts to answer those questions in a simple and unified way, creating a level playing field for everyone involved. Limit searching before the RFP. RFPs narrow down an agency search to only the best candidates. Make expectations clear.

RFP 40
article thumbnail

3 recession-defeating marketing strategies

Martech

Enterprise companies have not slowed down or pulled back. Consider this: 17% of companies are planning RFPs this year, according to the 2023 State of the ESP RFP. Rethink that RFP Before you replace or add technology, ask yourself whether you maxed out your current functionality. My answer: No.

article thumbnail

50 Common Sales Objections and How to Handle them Effectively

Lead Forensics

Objections: Price & Budget 1. Offer tiered pricing options or highlight hidden costs associated with their current solution. Use case studies to show how similar companies saved money by implementing your solution. ” Response: Emphasize value beyond price. “I’ve never heard of your company.”

article thumbnail

The Secrets to Closing a Multi-Million Dollar Deal

Zoominfo

Between an 11-month sales cycle, a $0 deal, and a request for proposal (RFP) with 67 people on one call, Lyon’s greatest challenge — despite hurdle after hurdle — was keeping the faith. Challenge #2: The $0 Deal (May 2020) The first company announced its acquisition two years prior to when it actually took place. For free. “We

RFP 100
article thumbnail

50 Common Sales Objections and How to Handle them Effectively

Lead Forensics

Objections: Price & Budget 1. Offer tiered pricing options or highlight hidden costs associated with their current solution. Use case studies to show how similar companies saved money by implementing your solution. ” Response: Emphasize value beyond price. “I’ve never heard of your company.”