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Driving Out Fear to Close More Business

My driver of 15 years was taking me to the airport today and he asked me a question:

“The place I was living in I have to move out of because they are selling the building.  I really felt comfortable and I fear I won’t be as comfortable in a new place.  I do not like change.  How would you handle it?”

I said great question.  Then I asked him what is his worst fear about the situation?  He answered not feeling comfortable in the new place.  I then proceeded to say let’s suppose your worst fear comes true and you are not comfortable, do you die?  He said no.  I asked him do you lose all your money?  He said no.  I asked him do you lose your friends, family, job, etc?  He said no.   Then I asked him the ultimate question.

“If you are in no worse shape other than having moved to the wrong place, what’s the issue?”  He started laughing and said you’re right. I simply move again.  All of a sudden he felt better and was now free to move ahead and make a decision on where he was going to move.

You see, fear often clouds our judgment.  It blows up issues in our mind to levels of importance that are not called for.  And all of a sudden we stop thinking and are trapped in a state of fear that leaves us paralyzed from taking actions and enjoying life.

Customers do this all the time to sales people.  They say they have a reason why they can’t buy from you.  They have blown that reason up into such an issue that it is a deal killer.  Salespeople then make the fatal mistake and try to convince the customer their issue it not an issue at all, especially when they cannot address the issue.  This tactic simply elevates the importance of the issue to a higher level.  The customer digs in.

To help customers with their fear, you need to acknowledge the issue and then have them state the other issues that in play in this decision.  Then you ask the customer the following:

“If this issue (call it security) is very important, how much weight do you give it if your decision represent 100%?”  The customer will probably say it weighs about 80%.

Now you move on to the next issue:  Quality.  Ask them how important quality is and they will say something like 70%.  Even the new math does not support an equation of 70% (quality) plus (security) 80% equaling 100%.  You ask the customer to readjust his weights and security, the deal killer at 80%, will come down to say 60% with quality now weighing in at 40%.

But there still are other issues.  You keep doing the same process until you address all issues.

The result:  Security which, a deal killer at 80%, is often brought down to 30% of importance or less.  People are rarely 100% satisfied with their purchase.  They may think the price is too high, etc.  Get it down to 30% or less, you have a shot at the deal.

I have developed this process and used it with my clients and their sales have soared as a result.  You can read more about in Lead, Sell or Get Out of the Way.  It works like a charm. And the biggest value is the customer feels in control because they are making all the decisions and its their numbers they are using.

Here is the bottom line.  Just like my driver, customers have reasons why they can’t do business with you, just like my driver had reasons why he didn’t want to move.  When you take a customer, colleague, employee, family member, or friend, through a process where they can put all of their issues on the table and see for themselves how important each issue is in relation to the overall decision, you can often diffuse an issue you cannot address.

Don’t fight the issue.  Diffuse it!  Don’t let fear stop you or your customers from moving forward!

This is what leaders do.   They help people navigate issues to make sure they are making the right decisions.  Act like a leader and your influence will skyrocket and so will your business.

Stop Discounting and Earn Your Profit

The last several years have been difficult for the vast majority of businesses.  It seems as if every customer is demanding a lower price or at least some sort of special deal. As frequently as customers are asking for it, salespeople are giving it to them.

Salespeople are quick to defend their need to discount with the belief that this is the only way they can close the sale.  This is the number one reason why I am recommending Mark Hunter’s new book “High-Profit Selling: Win the Sale Without Compromising on Price.” I wanted to provide salespeople with proven solutions to avoid the discounting madness.

Each chapter of the book gives you specific ideas you can use during each step of the sales process, not just when you’re closing the sale.  It’s not a book about determining the most optimal price point for what you particularly sell.  Mark believes whatever price point you have is the correct price point – if you have the right techniques in place to close sales at that price.

The key to closing the sale is you – the salesperson! How you position not only yourself, but also what you sell in the eyes of the customer is vital in securing full price.

What is interesting is not only what salespeople are saying about the book, but also the people who sit on the “other side” of the desk – the buyers who deal with salespeople every day.  They have repeatedly commented that the book hits the bullseye in giving salespeople tools to leverage their position. Sales managers have echoed those sentiments. The book is the tool they need to better equip their salespeople to do battle with the difficult customers they face regularly.

“High-Profit Selling” will show you how to stop leaving profit on the table with each sale. Once you read it, you’ll leave your discounting days behind and move on to being a top salesperson in your field.

For me to recommend a book, you know it has to be good.  Visit “High-Profit Selling” (http://thesaleshunter.com/high-profit-selling/) and start winning the sale today without compromising on price!

Using Your Blind Side to Grow Your Business

In the movie The Blind Side, Sandra Bulllock plays the part of a wealthy woman who takes in a homeless young man (Michael Oher) who goes on to become an NFL Star.  In the movie, Michael tries out for the high school football team and struggles a great deal.

Michael is a young man in a big body.  The coaches expect him to be a star football player right off the bat without ever having played the game.  They are frustrated when he keeps screwing up because of his lack of knowledge of the game and blocking skills necessary to succeed.

Frustrated one day, Sandra is at practice and tells the coach to hold up a minute.  She found out from the high school guidance counselor that while Michael scores were at the lower end on most metrics, he scored in the highest percentile (98%) in protective instincts.  Meaning he is an individual you can trust to watch your back and protect you.

Sandra immediately pulls Michael by the shoulder pads and tells him to consider his quarterback, full back and all the other players on his team to be his family.  That the other team is looking to hurt his family.  And his job is to protect them and make sure no one lays a hand on the player with the ball.

On the very next play Michael protects “his family” and goes on to become an NFL Star.

Here is the point.  All of us are not equal.  If you are a manager coaching every player on your team in skill development using the same techniques and same motivation for everyone, you are not going to get optimal performance from every player.  You must understand each individual’s character and make-up.  Your must coach to each player’s strength and potential.

The same holds true in sales.  Every buyer has a different make-up and makes decisions based on their individual behavioral styles, motivators and experiences.  You cannot present your offering the same way to all of your customers.  You must customize it to their personal traits and needs.

Look for the Blind Side in your customers and employees.  You will see your success skyrocket!

 

 

Minor Details Produce Great Results

Six years ago I was in a Cheesecake factory with my daughter having dinner.  I was so impressed with the service I asked the manager for her card and told her I would send a signed copy of a book I wrote, The Complete Idiots Guide To Great Customer Service.

Last year, five years since I sent that book, I received an email from that manager.  I have no idea how she tracked me down.  I didn’t even know who she was until she reminded me in the email that I sent her the book.  She went on to say:

“I am not writing because you sent me the book, although it was a pleasant surprise when I received the package. What I want to share is how I was so impressed that you knew how to spell my name.  To this date, my own company still spells my name wrong on my paychecks”.

Imagine that, five years later, I get an email out of the blue because the act of spelling someone’s name properly meant so much to them.

Little details create great results.  What details are you missing paying attention to that can make a life long impression on the people you serve?

 

Vulnerability Sells

Remember the show Columbo that featured a detective (Robert Falk) who was very successful by using his vulnerability?   When he had an inkling of who the guilty party was, he would speak to them and then say something like “forgive me, but I am not that smart a man and I really don’t understand how this works, humor me”.  What he did with that phrase was use his vulnerability (appearing dumb) to disarm the individual who would eventually fess up and admit their guilt.

He used vulnerability to close his case.  It was a pre-meditated act.  To build your sales and influence others you need to inject some vulnerability into your conversation, but not as a pre-meditated act to force someone to buy.

It needs to be spontaneous in relation to the client.  It must center on your ability to relate.  When a client is speaking about an issue, how can you relate from your past experiences of how you felt the same way or experienced the same kind of issue?  Or, if you never were in that situation, how can you relate by sharing a story of other clients who felt the same way?  Or, sometimes relating is nothing more than simply asking people to explain how they are feeling about the situation.  Being empathetic!

People respond better to others whom they can relate to, versus those who are not empathetic and have never felt or experienced the same kind of thing.

As a keynote speaker and consultant, I am always working very hard to allow my vulnerabilities to come through. It is hard to do.  It forces us to face our deep-rooted fears and allow people to see into us.  Our fear is whether or not those people will like what they see.

For the most part, that is our issue.  Because when people look into us, they are not so much concerned with what they see but how they see themselves in your mirror. 

Think about this last statement.  It is probably one of the most thought provoking statements you will come across in your lifetime.

In order for us to sell our ideas, product and services, we must connect with our audience, the people we are trying to influence.  We must relate to them.  We can only do this when we allow our vulnerabilities to shine through.  It’s all about our ability to relate.

When You Are on Fire- Keep Going!!!

When I was a top producer for Simplex’s Time Recorder Computer Systems division, I remember one day coming back to the office on a Monday afternoon after closing a huge order.

Feeling full of myself, I walked into my manager’s office to gloat and she immediately put me into my place by asking what deal was next on tap. I felt like I just got slapped in the face and let loose accusing her of not caring about me and pushing too hard; especially when there’s a guy sitting outside her office who was at 50% of quota and not being pushed.

She then proceeded to teach me a life long lesson. She said “I can push you hard now because you won’t crack. You are full of confidence. This is when you should not lay off and keep going because you are on fire. You want to take advantage of being in the zone. That poor guy outside my office would crack if I pushed him too hard. He already is on thin ice.”

This taught me when you close a deal this is not the time to slow down. Leverage that strength to close more business.

Validation Sells

If you are a leader or a sales professional, consider that validation is an extremely powerful tool for getting your point of view accepted.

I have learned in working with CEO’s that they value validation of current strategies as much as suggestions of what they could do better.

You want to position yourself as a trusted advisor, one that is confident enough to tell customers what they are doing well and what they can improve on.  In my own work, I have found that CEO’s greatly value when I validate their strategies not because they are looking for a pat on a back.  They value it because it is coming from an outsider, someone who has no vested interested in the process like his employees who are constantly looking to protect themselves and defend their decisions.

If you are constantly always focusing on selling something today, you will never be in a position to validate the good things a customer is doing.

Regardless if it limits your sales potential for the current visit, understand that validation when appropriate goes a long way to establishing yourself as a trusted advisor.  It builds trust and in the long run it leads to a greater share of the customers business than when you are constantly telling the customer all the things she is doing wrong and how you can do them better.

This strategy is one that proved to be powerful in helping one of my clients reposition themselves with a key account and resulted in an industry changing ten year deal valued at over $200m.   You an read more about in this CEO Bestselling Book. 

The issue is not your competition. It is your relationship with the customer and whether or not they feel you have their best interests at heart.  Can they trust you? Do they believe in you?  Or do they think you will say anything to get the business?

What Did You Say?

When I wrote the book The Complete Idiots Guide to Great Customer Service in 1998, we interviewed the Vice President of Hertz Reservations who shared this story with me.

Hertz did a survey of their top customers and found out that they were highly dissatisfied with how long it took to return their cars and get to the terminal.  So Hertz increased the frequency of their buses from the return lot to the terminals.

Six months later they repeated the survey and again this complaint came up.   When they investigated why it took so long to return the car, they realized it had not so much to do with bus frequency, but rather with how long it took to wait on line for the receipt.

Hence, Hertz developed the hand held computers you now see when you return your cars.

When Hertz heard of the original problem, it operated from its own assumption that the problem had to do with bus frequency.  They never asked the customers to clarify.  If they did, they would have solved the problem much earlier than six months later.

Hertz has a strong brand and it was able to survive not having solved this problem for so long.  Today, no one has the luxury of time to figure out if they are exceeding the expectations of their customers.

Clarify your customer’s feedback.  Don’t let your assumptions get in the way.  It can kill your business!  In this case, Hertz did a great job in turning a problem into a differentiating value.

Why Leaders Don’t Puke

The Life Science Leader writes about how Leaders Don’t Puke. Rather, they lead by vision and find out what’s important to people before they start trying to influence them.  Life Science Leader talks about  how the best organizations teach all of their employees to lead, from the CEO on down.  To read more, click here

 

 

Hitting the Grand Slam of Your Life

Did you ever think about what it takes to be at bat in a pressure situation and come through with a home run?  Think about all the thoughts and fears that are going through your mind.  Think about all the techniques you are trying to remember to hit the ball properly.  And then think about the result you want to achieve if you even allow yourself to think that way.  How you think in pressure situations will dictate the results you will achieve.  Watch this video on how a girls softball team won a championship and the mindset from which they operated.

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