Who are Your Readers: The Economic Buyer
By Dan Safford
Economic buyers are the "money" people in the client's organization.
They control the budget and have veto power over any decision requiring
spending. They will take a hard look at the return on their investment
and they want to make sure they get the best deal for the organization.
Who they are and what they look for. Simply put, the economic
buyer is the one who has authority to make the purchase for which you
are proposing. For major projects, the economic buyers are almost
always in an upper echelon management position-agency director, (e.g.,
Director of Public Works), division director (e.g., VP for Operations
in a privately held company), or perhaps a group of people (e.g., a
school board).
Whatever the title, people serving in this role have at least two
things in common:
1.) they are more interested in the big picture than
they are in the details, and
2.) they are too busy to read the details
anyway. This means that if they read your proposal at all, they'll only
skim it. They may read the executive summary (or cover letter, if
that's what serves as your executive summary), but that isn't a sure
bet either. Even then they just may skim over it.
In most procurements, the economic buyer relies heavily on subordinates
to summarize their findings about the proposals under review and make
recommendations. Those who give these summaries will know what their
bosses are looking for in the way of big picture issues and associated
benefits. So while the economic buyer herself may not read the
proposal, you can bet that someone is reading with an eye to see if you
have hit on her main concerns.
Your job, of course, is to make sure you discover what those concerns are and make sure you hit them.
How to write for them. Give them sound bites. The economic buyer
is busy; she doesn't have time to wade through a bunch of details to
get at what she considers the meat of your proposal. You have to
present you key selling points in bit-sized pieces that make the point
quickly. You have to make statements like this:
"Our approach will reduce the cost of operating and maintaining the facility by up to 10% per year."
"Our in-depth knowledge of your facility will allow us to meet the key
project milestones necessary for you to make the federal matching funds
deadline."
"We've tailored our management approach to make sure that the District
maintains control of the project and is the key player in all major
decisions."
Statements like these will make the economic buyer sit up and take
notice. Of course, they have to be based on what you know are the
economic buyer's hot buttons. They must be delivered--in no uncertain
terms, without qualification--up front in the executive summary, cover
letter or introduction so that it arrests the reader's attention and
makes them want to read further.
You must stress the benefits of your offer-how what you will do gives
the economic buyer something she greatly values. This means that you
have to get into the client's shop and talk with the chief decision
maker and find out what it is she values.
You need to make it visual. Remember, they're busy; graphics draw their
attention and might be all they look at in your proposal. Use bullets,
call-out boxes, and colorful high-concept graphics to send your message.
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