In the highly competitive world of proposal writing, even small improvements can make a significant difference in your win rate. Knowing how to craft winning proposals is essential to securing new business. From initiating your efforts earlier to conducting price-to-win (PTW) analyses, these 17 expert tips will help you refine your process, stand out from the competition, and win more proposals.
- Initiate your proposal efforts at least a month earlier than your current practice.
- Ensure executive support before starting proposals to you can secure timely resources and decisions.
- Assign a capture manager to the program at least a month before the proposal, if not further in advance.
- Make sure that the Proposal Manager prepares a user friendly outline, plan, schedule, and cross-reference matrix ASAP after RFP release.
- Conduct training sessions for your engineers and less experienced team members.
- Encourage upper management to create a reward system for successful proposals. This is powerful.
- Compile and organize proposal components that can be reused in future submissions.
- Implement a Price-to-Win (PTW) analysis that reflects the significance of each proposal. We offer a mini PTW that is more affordable.
- Devise a strategy to improve your proposal process beyond its current state.
- Acknowledge that the scores differentiating winners and losers are often very close—sometimes just a fraction of a point.
- Schedule color-team reviews early enough to allow time for necessary corrections.
- Establish a partnership with a proposal consultant company that aligns well with your organization.
- Cultivate relationships with reliable subcontractors and partners to help fill your proposals with necessary skills.
- Have a key executive present at all critical proposal meetings to highlight their importance.
- Utilize effective methods—such as storyboards or outlines—to ensure that both technical and sales differentiators are thoroughly addressed.
- Avoid spending on a proposal unless you can meet with the client well in advance to establish credibility.
- To maximize profits, approach bidding strategically, akin to a hunter using a rifle instead of a shotgun.
Would you like to discuss more winning proposal strategies? Book a call with us here.
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