Dec 19

Pick up any sales journal to search the thousands of articles on sales, marketing and selling and read what you need to do. However, what should you not do if your goal is to increase sales?

  1. The Not Know the Name of Your Prospect

Even though this sounds absurd, I have had clients tell me of vendors who had meeting with them and either did not know their name or confused them with someone else.

  1. The Not Do Your Homework Specific to Your Prospect

You have that first meeting and you have literally nothing to say when you learn about this publicly announced initiative or new product release. Instead you make some bane comment about the picture or the stuffed fish on the wall.

  1. The Not Use the Correct Name Including Title of Your Prospect in Any and All Correspondence

Today I received a holiday greeting from someone who used my last name. Would that endear you to that person? Then a business colleague of mine called who had also received an email greeting with the wrong name. Both of these individuals have lost the opportunity for a sale and even more important a reference. For if a sales person cannot use the correct name, how can you be sure of their ability to do anything else.

  1. The Not Keep in Contact with Your Prospect

Given that prospects receive tons of information between email to phone calls, failure to stay in contact will only put you at the back of the line. If the prospect was worth your initial time and investment, then to stop staying in contact seems rather illogical. This may suggest that you current customer relationship management systems needs updating.

  1. The Not Have or Stay True to Your Sales Process

Many small businesses do not have a proven sales process. These individuals jump all around in trying to close the deal. For those sales professionals who work from a sales process, they may deviate from what they know that works because all of a sudden they are in a hurry to make that sale.

  1. The Not Listen to Your Suspect, Prospect, Qualified Prospect or Center of Influence

Are you so busy talking that you are failing to listen? Many in sales fail to realize the impact of the simple act of just listening. They are so busy spewing one of the 3 Ps – product, price or proposal while ignoring the real need such as does it keep a little old lady warm?

  1. The Not Follow Through

Right now how many business cards do you have laying around that you have not responded to? How many phone calls have you not returned? How many meetings have you had and not let the other person know the current status? Your follow through should be with not only your prospects, but those other people that you meet with who may have been trying to sell you something.

To increase sales make sure that these top 7 Nots are not in your marketing and selling behaviors.

Article Source: http://EzineArticles.com/?expert=Leanne_Hoagland-Smith

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Dec 17

I am sure you have heard over, and over again the importance of having a "target market", which is defined as a specific group of people, who share similar qualities and problems which you and your business can solve.

It is important to have a target market, because we cannot serve everyone. However, many business owners still try to; but doing this is like taking a shotgun approach to marketing to see if you get lucky and hit something.

Do you really want to work with "everyone"? My guess is your answer to this question is "no", because not everyone is an energetic match for you. You're saying, "Huh?" What does she mean by an "energetic match"?

The Missing Link

After coaching hundreds of entrepreneurs on this topic, and struggling with it personally, I have finally found the missing link in "target market" talk. Typical target market talk only addresses the "outer" world. When asked to define your target market, you may have been asked in the past to identify your target market's:

  • Age
  • Sex
  • Marital status
  • Occupation
  • Problem they need solved

Or

  • Industry
  • Number of employees
  • Number of years in business
  • Annual revenues
  • Geographic location

Let us pause for a second. Does this information really help you narrow down your target market? Does it help you develop a focused, specific message that will stand out and address what your market wants? Probably not. I bet if you would get a room full of:

  • 22 year old
  • Female
  • Single
  • Bodybuilders

they are not all going to have the same problem, nor respond to the same marketing message.

What we are interested in is defining THE problem our target market wants solved, and we want to be chosen as THE problem solver. Nevertheless, how do we go about making sure this happens? Well, I have a little tip for you.

Address Inner and Outer Worlds

Up to this point, we have established that addressing only the "outer" world will not work for many of us to attract our target market. However, if we combine the outer world with the "inner" world, we will magnetize and attract our "Ideal Client" to our business. Shift your thinking from," Who is my target market?" to "Who is my Ideal Client?"

To move closer to identifying who your Ideal Client is, ask yourself these questions:

  1. What values are important to me?
  2. What commonalities do I have with other people in my situation?
  3. What "jazzes me up" or gets me excited about being in this business?
  4. What would I expect from someone, like me, if I were the client?

Let the answers to these introspective questions clue you in and lead you closer to defining who your Ideal Client is. Answering these questions connects you to a type of person with whom you are an energetic, even synergistic match. You and your Ideal Client are drawn together like magnets, and they recognize right away that working with you is necessary. They just "feel" it.

Your ideal client is usually someone like you, who is taking the same journey you are. However, they are ALWAYS in a different and earlier phase of the journey. To understand and embrace this concept is the laying of the golden egg. This is because your Ideal Client will recognize you have been where they are right now. You have successfully navigated through the challenges they are currently facing, have gained experience and wisdom, and can help them solve their problem.

When you get clear about whom your Ideal Client is, you can share the successful experiences of your journey with them. Moreover, they will pay you for doing this!

To help you further define who your Ideal Client is, carry out the following action items:

  1. Focus on the values and qualities of your Ideal Client; what are they?
  2. What do these people have in common with you?
  3. What "jazzes" them (Hint: it will jazz you, too!)?
  4. What do these people expect from you?
  5. Think about your journey. What did it take you to get where you are? Be willing to share this expertise, and profit from it.

Give yourself permission to proceed to seek out, find, and work with your Ideal Client. Working with people who are not ideal clients, with whom you do not share the same values, is energy depleting, unproductive and unprofitable.

Shift your focus to include both the "inner" and "outer" worlds when defining your target market and Ideal Clients. If you do, you will naturally attract more clients and income into your business!

Copyright 2007 Bonita L. Richter and Profit Strategies.

About Bonita L. Richter, MBA

Bonita L. Richter, MBA, founder of Profit Strategies, http://www.profit-strategies.biz (for FREE tips on how to craft the successful business you desire, visit http://www.Profit-Strategies.biz) teaches entrepreneurs and business owners how to start and grow businesses, attract more clients, and market their businesses to increase sales, business success, and generate wealth. She is a former officer/owner of a multi-million dollar manufacturing firm with over 25 years experience in business management; she is an adjunct instructor at the college level. Technorati tags: , , , , ,

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Dec 16

Marketing is the lifeblood of any business. If your potential prospects and soon to be customers do not know about you, sales will just not happen. The question to be asked is really two fold:

  • What are the top genes (marketing strategies) in your marketing DNA?
  • How good are those genes (marketing strategies) specific to you and your business?

To answer the first question, you will find what I believe to be the top 7 genes from my own personal experience and working with clients.

  1. Direct Mail – This is the #1 gene because of its marketing effectiveness. When done correctly, you can reap a lot of business from direct mail marketing. However, many people lack the supporting skills necessary to make this marketing strategy effective such as target market, copy and follow-up.
  2. Events – Seminars, Speaking and Tradeshows – For many individuals, this gene is underutilized. Possibly because of the fear of public speaking, not a lot of people take advantage of offering seminars or participating in tradeshows. Those individuals who do not fear speaking in public, this gene can become a real bonanza.
  3. Internet/Website – Using the Internet through a variety of strategies and having a search engine friendly website are a must have gene. With more and more people using the Internet to become educated about your products and services, not having an Internet presence is not a good thing.
  4. Networking – Meeting and greeting people is the foundation for business. People buy from people they know and more importantly trust. With so many small businesses opening each and every day, there is now a plethora of business networking events. These opportunities demand that you use this gene wisely.
  5. Paid Advertising – Newspapers, journals, radio, television including cable to sponsorships at silent auctions are all examples of paid advertising. Depending upon your target market and your products or services, this gene may outperform all other genes.
  6. Professionalism – How you behave from the business cards you distribute to your physical appearance comprises your professionalism. Since people buy from people, you must always be the consummate professional.
  7. Promotional Items – Leave behinds such as calendars, DVDs, pens, pencils, key rings or even stress balls just to name a few help your prospects to remember your name and hopefully your uniqueness.

Take the time to examine these top 7 genes in your marketing DNA. Look for future articles that will explore each of these genes and how good they are specific to you and your business.

About Author: Do you want more sales? Then register for FREE professional sales skills assessment http://www.processspecialist.com/sales-skill-assessment.htm.

Are you where you want to be? To find out where you are, then M.A.P. for Success, a FREE email course may help you begin to chart a course of business, professional or personal success. Visit http://www.processspecialist.com/action-plan.htm Technorati tags: , , , , ,

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Dec 13

One of the challenges faced as a manager in any firm is how to find and retain employees with the right combination of skills.

The global demand for manpower is overwhelming. Countries such as the US, Canada, Australia, New Zealand, and the European Union are competing for the same combination of skills. One of the major providers of manpower, India, is facing its own shortage of skills in certain areas and many Indians are opting to remain at home where they are now receiving greater salaries than previously.

Gone are the days when a manager or a firm has the final word in an employee's career. Today, an employee with the right skill mix, can compete for positions at a global scale, where the demand is high and the remuneration is competitive, as in today's climate of employment suggests that people can now map and forecast their own career path.

Countries who fail to retain their work force will face the challenge of sustaining its growth. As managers, you need to learn how to retain your top performers. These are some of the areas you could focus upon, to give your employee a sense of job security:

1- Continuous job training

2- Continuous job performance review

3- Immediate pay raise for good performance

4- If you have any foreign employees within your team, ensure that you action any legal matters in a speedy manner, as one of the top reasons for a high worker turn-over, is that the employee does not feel secure about their future in a new country

5- We are living in a world where borders are disappearing and we now discuss manpower on a global market rather than a local one. The world employment market awaits the talent you are willing to fore go, it is in your best financial and technical competitiveness to cultivate and educate your existing employees in the culture of your firm, as you have already invested in their future. It makes good business sense to hold on to the talent you have created.

Article Source: http://EzineArticles.com/?expert=Kiran_R

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Dec 11

Miami, Florida, December 12, 2007—BusinessSummaries.com releases its new business book summary “Rule # 1: The Simple Strategy for Successful Investing In Only 15 Minutes a Week!” by Phil Town. Subscribers may now access PDF, PDA, Powerpoint, Audio, Video and Mindmap formats of “Rule # 1: The Simple Strategy for Successful Investing In Only 15 Minutes a Week!” and enjoy the book summary anytime, anywhere.

Miami, Florida, December 12, 2007—BusinessSummaries.com, one of the leading e-commerce sites for business book summaries, today releases the abridged version of one of the business bestsellers, “Rule # 1: The Simple Strategy for Successful Investing In Only 15 Minutes a Week!” by Phil Town. This executive book summary is now accessible to subscribers in PDF, PDA, Powerpoint, audio, video and mindmap formats.

Most Americans are trapped in mutual funds that, at best, ride the waves of the market. They diversify to spread the risk. They are in this sort of investment for the long haul. But they still lose money in market downturns.

However, the confluence of technology, money and strategy is creating a revolution in investing at a time when small investors need it the most. Thanks to the Internet, people know a great deal more than they used to and can access this information very quickly, plus they can move in and out of markets far faster than ever before.

This book is a simple guide to returns of 15 percent or more in the stock market, with almost no risk. As a matter of fact, Rule #1 investing is practically immune to the ups and downs of the stock market. Rule #1 is the result of the one tried-and-true investing strategy meeting institutional control of the market at a time when the tools of investing are available to anyone with a computer.

The little guy who doesn’t have eight hours a day to conduct exhaustive market research can implement Rule #1 – the tools to do so are already on everyone’s computers!

With the succinct and easy-to-read book summary of “Rule # 1” by Phil Town busy executives can now learn new ideas and business strategies in minutes through its different summary formats.

Every week, subscribers enjoy business book summaries of today’s business bestsellers in PDF, PDA, Powerpoint, audio, video and mindmap formats. The latest versions of the book summaries are all available online upon subscription to BusinessSummaries.com.

Visit the BusinessSummaries.com website at: http://www.bizsum.com. For additional information, call 1-305-433-8579.

—————————————————–

About BusinessSummaries.com

BusinessSummaries.com is one of the leading e-commerce sites for business book summaries that provide corporations, busy executives, and entrepreneurs with a concise summary of the latest business bestsellers in an easy-to-read, structured outline highlighting all the vital information, ideas and concepts.

 

CONTACT INFORMATION:

Jojy Azurin

BusinessSummaries.com

1-305-433-8579

http://www.bizsum.com

 

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Dec 4
Miami, Florida, December 3, 2007—BusinessSummaries.com releases its new business book summary “StrengthsFinder 2.0” by Tom Rath. Subscribers may now access PDF, PDA, Powerpoint, Audio, Video and Mindmap formats of “StrengthsFinder 2.0” and enjoy the book summary anytime, anywhere.

Miami, Florida, December 3, 2007—BusinessSummaries.com, one of the leading e-commerce sites for business book summaries, today releases the abridged version of one of the business bestsellers, “StrengthsFinder 2.0” by Tom Rath. This executive book summary is now accessible to subscribers in PDF, PDA, Powerpoint, audio, video and mindmap formats.

StrengthsFinder 2.0 is an effort to get the core message and language of its predecessor StrengthFinder to a broader audience. After the enthusiastic reception of the first book that was oriented more towards managers who discovered what their strengths were, this sequel now focuses on applying these strengths after you have discovered them. The book surveys hundreds of respondents and condenses these responses to 34 themes or key areas that can easily be translated into ideas and action.

The book also strives to be reader-friendly and tones down its vocabulary so that it can be accessible to people without any management experience. The 2.0 version gives you a talent profile so unique that you're unlikely to share even a sentence with someone else. This book helps readers apply their newly found strengths to any type of role, and gives them ideas to help them apply their talents in their daily life, no matter what kind of work they have and what their interests are.

In this new version, those thoughts, feelings and behaviors are customized to your experience by giving you the basics of working on what you have and offering practical ideas to act and make the most out of them. After figuring out the top 5 themes that pertain to you, you will receive 10 “Ideas for Action” for each theme, giving you 50 specific actions to take. In addition, a personalized assessment over the internet is made available through an access code inside a packet inserted in the book. Through this, you can explore your core strengths closely and allow you to maximize the potential for success in specific areas where you will most likely succeed.

With the succinct and easy-to-read book summary of “StrengthsFinder 2.0” by Tom Rath busy executives can now learn new ideas and business strategies in minutes through its different summary formats.

Every week, subscribers enjoy business book summaries of today’s business bestsellers in PDF, PDA, Powerpoint, audio, video and mindmap formats. The latest versions of the book summaries are all available online upon subscription to BusinessSummaries.com.

Visit the BusinessSummaries.com website at: http://www.bizsum.com. For additional information, call 1-305-433-8579. Technorati tags: , , , , , , ,

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Dec 3

What you are about to read will probably sound familiar. Indeed, it has been said many times before. However, I believe this formulation is original and may help you better apply it in your marketing communication. I immodestly call it Yaffe's Law.

Yaffe's Law

If you give people what they want first, they are likely to accept anything else you want them to have. If you give them what you want first, chances are they won't accept anything at all.

This is simply the classic principle that you should write from the reader's point of view. And of course we all do this. Or do we?

How often do we interpret writing from the reader's point of view as telling people: "What I have to say will be of benefit to you, so you should pay close attention"? When we do this, we are in fact writing from our point of view, not theirs. We may sincerely believe that our message is important and will be beneficial to our potential readers. But unless they agree-and agree almost immediately-the argument is lost.

We have all been guilty of such self-serving logic, and some of us do it more often than we would like to imagine. This is why this new formulation of the classic principle is potentially so useful. It forcefully reminds us that the readers are king. And like royalty they must be served first. Only after readers have sampled what we have on offer and find it palatable will they be truly ready to listen to what we want to say. Assimilate it. And hopefully act on it.

The power of Yaffe's Law lies in the fact that it is more than just a reminder. It is in fact a formula for ensuring that you will always write from the reader's point of view. The trick is first to apply the formula, then check how well you have applied it-and, if necessary, reapply it.

The formula consists of three steps:

1. Determine what your readers really want to know, rather than what you want to say. 2. Give this to them–first. 3. Link what you want to say to what they really want to know.

Here are a few examples of how Yaffe's Law works in practice.

Corporate Image Brochure

I was once commissioned to write a corporate image brochure. Two things are certain about these expensive, glossy booklets:

• Almost all companies of any size feel compelled to produce them. • Virtually no one ever reads them.

By applying the formula, I created a brochure that people not only read. They called the company to request additional copies to give to friends, clients and professional colleagues!

How? I started from the assumption that no one would want to read anything about the company itself. So I asked myself: What things does the company do that people might really want to read about?

The company's basic activity was producing vaccines. We are all naturally interested in health and virtually everyone knows the importance of vaccination. Here were already two things people might want to read about.

I was able to define seven areas of the company's activities that could be naturally attractive to potential readers. However, it didn't stop there. If all this interesting information were mixed up with company publicity, people would still probably not read it despite their natural inclination to do so.

The brochure was therefore laid out in seven double-page spreads, i.e. each of the seven areas of activity would be allotted two facing pages. However, the text would be rigorously segregated.

• Theory

The left side would be pure science; the company's name would never be mentioned.

• Practice

The right side would explain how the company used the science to produce vaccines.

In short, I gave the readers what they wanted first (scientific information), then what the company wanted them to have second (company information).

When I proposed this to the company, the reaction was one of shock. "You mean people could read the brochure left side only and never ever see our name?" Exactly. But having learned about the basic science, wouldn't they naturally want to learn how the company was using the science?

It took a while for management to accept the idea, but finally they did. When the brochure was ready, they couldn't print enough of them.

Of course, not all companies would be suitable for this particular type of corporate image brochure. The important thing here is not the specific structure of this specific brochure, but the thinking process that led to it.

Stand Specific Video

I have done considerable work for pharmaceutical companies. This often included attending medical congresses. The first couple of times I did this, I noted something strange.

Pharmaceutical companies regularly erect exhibition stands to inform specialist doctors about new drugs and new applications of older drugs. I noted that many of the stands had several video monitors at their edges running videotapes. I observed the behavior of the doctors. The vast majority of them watched the tape for only a minute or two, then went away.

I asked an international marketing director why he was using these monitors and tapes. "To attract attention to our stand," he said. "But the doctors stay in front of the monitor only a couple of minutes, then leave." "Yes, but they were attracted to our stand. They know we are here and may come back."

Frankly, this didn't make much sense to me, but being young and inexperienced I accepted it. A couple of years later, when I felt I knew better what I was doing, I made a suggestion.

The videotapes ran anywhere from 10 – 15 minutes, then automatically recycled. The problem was, doctors who began watching after the tape had started never knew how long they would have to wait for it to finish and restart. Moreover, hardly any were likely to stand in front the video monitor for 15 minutes or more, even if they had known how long the presentation was.

The tapes were so long because they had not been conceived for medical congresses, but for a totally different purpose. They were used simply because they already existed.

I suggested making a "stand-specific videotape", which would concentrate all key information about the company's product into no more than 90 seconds. The fact that the tape ran only 90 seconds and then automatically recycled would be prominently posted, so that the doctors would know exactly how much time they were being asked to invest in it.

Consider the benefits:

1. Virtually all doctors who started to watch the tape stayed for it to recycle.

2. Because they got all the key points, many who wanted more detailed information immediately came onto the stand.

3. Those who were interested but were short of time probably came back later.

4. Even those who were not certain they were interested nonetheless went away with a complete picture of what the company's product was all about.

In short, virtually 100% effectiveness!

There was no way to gauge the effectiveness of the previous system. But if it had been as much as 10%, I would have been shocked.

Interactive Stand Animation System

Another thing I noticed at medical congresses. Doctors would come onto the stand, pick up the brochures and scientific papers, put them in the congress bags, then move on to the next stand and do the same thing. The problem was, pharmaceutical companies could never really tell if doctors actually read the materials they take away. Estimates are that up 95% of it ends up in the hotel's wastepaper basket without ever being opened.

Using the method of Yaffe's Law, a few years ago a colleague and I created what we call the Interactive Stand Animation System. It is applicable not only to medical congresses, but virtually every other kind of professional trade show.

There is not room here to describe how it works, but I can tell you its results.

With this system, you are certain that your brochures, data sheets, etc., are being read, because people read them right in front of you on the stand. Even better, they actually study the documents, then discuss, debate and compare notes with their colleagues. At the same time, they provide you with valuable market research information that would be difficult to obtain in any other way. This can be very important for determining the best ways of presenting your products, which features to emphasis, which aspects may require change for later versions, etc.

I once described this system to the international marketing director of a major pharmaceutical company. He was very sceptical. Basically he said: "I have been in this business for nearly 30 years and I have attended dozens and dozens of medical congresses. What you are telling me just isn't possible." He maintained this position until he went to a congress where we were running the system for another company. His reaction: "I've seen it, but I still don't believe it. I never would have imagined anything like this could possibly be true."

But it was.

Editor's Note

Philip Yaffe is a former reporter/feature writer with The Wall Street Journal and a marketing communication consultant. He currently teaches a course in good writing and good speaking in Brussels, Belgium. In the "I" of the Storm: the Simple Secrets of Writing & Speaking (Almost) like A professional, his recently published book, is available from Story Publishers in Ghent, Belgium (storypublishers.be) and Amazon (amazon.com).

For further information, contact:

Philip Yaffe 61, avenue des Noisetiers B-1170 Brussels, Belgium Tel : 32 (0)2 660 0405 phil.yaffe@yahoo.com

About Author: Philip Yaffe is a former writer with The Wall Street Journal and international marketing communication consultant. Now semi-retired, he teaches courses in persuasive communication in Brussels, Belgium. Because his clients use English as a second or third language, his approach to writing and public speaking is somewhat different from other communication coaches. He is the author of In the "I" of the Storm: the Simple Secrets of Writing & Speaking (Almost) like a Professional. Contact: phil.yaffe@yahoo.com.

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Dec 2

Whether you own your own small business or are the office manager of a large firm there is one thing in common – finding ways to stay organized. While many of us have organizational skills at home, bringing them to work is often a different story.

1. Keep things out of sight. If you have clients coming into your office this is extremely important to the perception the client has of your company. This is equally important for those offices where clients never visit. Why? Because office clutter can make employees feel down and even get them disorganized as well.

2. Organization closets. Closets are great places to keep supplies and extra equipment as long as they stay organized. People will tend to throw things into the cabinet anywhere unless they see that the organization is easy to keep track of. Label shelves using a labeler so that everything has a place.

3. Keep a box for excess items. This box comes in handy for items that nobody knows what to do with. Instead of jamming these items onto a shelf make a box and label it just for items like this. Keep it in the bottom of the closet and let people know what it's for. Every so often clean out the box and decide what needs to be done with the items.

4. Use handy desk accessories. Desks in open areas look good when everyone has the same type and color of office accessories. Figure out which items would work best for your type of business. Then, order desk equipment in bulk to save money.

5. Organize bills for easy review and payment. If you are using an accountant keep an envelope for current bills and timely file older ones. Review telephone bills to see if different services are needed based on current calling patterns. A voice T1 service is often much more economical than standard line service.

6. Choose desks and cubicles that allow for maximum storage and ease of use. If the desk does not have enough room people tend to expand out of the desk onto the floor or into common areas. Each person should have access to at least one file cabinet drawer and several other drawers for other items. Overhead cabinets are useful for storing books or notebooks.

7. If your type of business requires common files always opt for a file room as opposed to placing storage file cabinets out in the open throughout the office. If you require filing help consider bringing in a temp once a month to do the filing. Keep a basket in the file room for people to drop files that need to be put away.

8. Coffee or break rooms are a nice convenience because they allow people to have lunch even when they may not have time to leave the office. These rooms can become a nightmare if not kept up. Encourage people to clean up after themselves. Make sure that there are cabinets to put things away and out of sight. Provide dish soap, sponges and paper towels so people can more easily keep the areas clean.

9. Hire a good cleaning service. Most offices require the use of a cleaning service. They can come nightly or less often as needed. They can remove garbage and recycling, clean the break room and vacuum and clean floors. Have them come in for window cleaning from time to time.

10. Share the responsibility for cleanliness and organization. Ensure that employees know what is expected of them such as keeping their desk, cubicle area or office organized. Encourage others to ask for specific help or items they may need to help them to stay organized. Sometimes getting a temp in monthly to help someone organize their office helps them to stay focused on the day to day business.

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