Government Contracting for Beginners
Businesses just beginning their government contracting journey are entering a complex and competitive market that rewards those who invest in strategic and proactive sales methods.
This guide to government contracting for beginners will explain how to start selling to the government, which types of governments you can target to grow your public sector sales and strategies to help your business succeed in government contracting.
How to Start Selling to the Government
Contracting with government entities is not like working with just any other customer. While the numerous regulations and layers of bureaucracy can be daunting, the opportunity that comes out of selling to the government can be vastly profitable.
Follow these five steps to get started in selling to the government as a beginner.
- Identify the market: Are you selling to governments in the U.S. or Canada? Are you targeting larger federal government contracting opportunities or smaller, more localized bids and RFPs? You’ll also want to research the competition to understand how their offerings stack up.
- Understand the buyer: Different government entities have different needs. Some governments operate on different fiscal year buying cycles and may be more likely to purchase your products or services at a specific time of year. Make sure you figure this buying cycle into your planning.
- Know your value proposition: It’s good to be able to explain to governments how other customers benefited from your product or service in the past. It’s even better if you can share this in a way that aligns with the problems the government is trying to solve by seeking public vendors.
- Follow the rules and regulations: Just like selling to the public sector, there are many rules and regulations to follow as a government contractor. Make sure to stay up to date on which certifications you need, which qualifications your business has and know how to remain in compliance.
- Pursue government contracting opportunities: Once you are registered to do business and understand the market and your offerings, you can now start beginning to find government contracting opportunities. Build up your strategy over time and consider following these best practices in order to win more government contracts.
Free Guide: How to Build a Winning Public Sector Sales Pipeline
Finding government contracts is just the start of the government sales process. This guide outlines five best practices to deploy a winning sale strategy.
U.S. Government Contracting for Beginners
Selling to the government in the U.S. can look very different depending on the level of government you are targeting. Whether it is federal government, or a state or local government, businesses will need to take a specific, tailored approach in order to give themselves the best chance to win government contracts that can boost their public sector sales revenue.
U.S. Federal Government Contracting for Beginners
The U.S. federal government is divided into 15 different executive departments, along with hundreds of federal agencies and commissions, all of which have needs for products and services. These federal government entities support various government initiatives or improvements for such things as building critical infrastructure, developing cybersecurity and providing valuable health and welfare services.
The keys to succeed in this area of public sector sales are finding federal government contracts that fit your business, identifying your target market and searching for government contracts that map to your industry and core competencies – all of which give you the best chance to increase your federal government public sector sales.
Free Guide: Federal Contracting 101
Download your free guide to understand the different types of government contracts, how to register to do business with the federal government and ways to capture new federal sales opportunities.
State and Local Government Contracting for Beginners
State and local governments in the U.S (sometimes referred to as SLED in government contracting) are smaller individually than federal governments, but they can offer large amounts of potential revenue. Selling to state and local government entities can sometimes be challenging if you don’t know how to approach the market and present your product or service properly. But since state and local governments spend more than a trillion dollars every year, devoting time and energy to building a SLED market business plan – and investing in the tools and resources you need to make this possible – is well worth the effort.
Successful companies in this sector understand the competition, develop relationships with the governments they want to sell to and effectively leverage data to choose which opportunities to bid on – and develop a winning proposal.
Free Guide: State & Local Contracting 101
The SLED contracting market is full of opportunity. Discover how your business can succeed in selling to SLED government agencies across the country.
Canadian Government Contracting for Beginners
Many businesses that are new at selling to the government might not be aware of the opportunity to win Canadian government contracts. The market in Canada is one that is worthwhile but not without challenges, as U.S.-based businesses have often been challenged to maximize growth when serving Canada’s public sector market – largely due to the fragmented nature of public sector spending across federal, provincial and municipal levels of government.
By understanding the unique landscape that is Canada public sector sales and identifying which agencies are purchasing the products and services that your business offers, you can get a leg up in this increasingly valuable market and give your firm the best chance to win government contracts in Canada.
Free Guide: Canadian Contracting 101
Discover how your business can get started and expand its government contracting plans to federal, provincial, territorial and municipal agencies across Canada..
Next Steps to Government Contracting Success
Succeeding at selling to the government is not an easy task – especially for beginners – but the rewards can be hugely valuable. Businesses that master these steps can diversify their sources of income when they develop a winning public sector sales strategy.
If you’re ready to begin entering the government contracting market, you might also be ready to consider GovWin IQ, the leading market intelligence platform that provides up-to-the-minute government contracting information and early notice of upcoming opportunities. Click the link below to request a live demonstration of GovWin IQ today.
Grow Your Public Sector Sales with GovWin IQ
Learn how the leading market intelligence platform can help you find and win more government contracts.