Posts Tagged ‘Sales’

Do Your Customers Pay You for Sales Calls?

Wouldn’t it be nice if your customers paid you to make a sales call?  Just think, every time you made a call, you would know that a check would be in the mail. The funny thing is if your customers are going to buy off on your value, they have to feel at the end of the call that it was so valuable they are willing to write a check for it. If there’s no value, then there’s no deal. And no deal, means no check.

So, how can you make sure your sales calls are valuable? How do you get every customer to write the check? For one thing, you need to forget you are on a sales call! Stop thinking in terms of features and start thinking about the problems that you are going to solve!

To find out more on how to do this, click here to read about a new system that is only being introduced to our blog readers today!

What People Buy The Most Of

 

 

With Facebook opening up today on the markets looking to capture over $100 Billion, you probably think that is the most sought after product or service in the world.  But it is not.

The most sought after product or service are those that provide one thing and one thing only…. HOPE!

That’s right, hope!

  • Hope that this product or service can make our lives better.
  • Hope that we can make a lot of money with Facebook.
  • Hope that this vacation will provide us with the necessary relaxation, downtime and ability to reconnect with family.
  • Hope that this pill will cure our disease
  • Hope that this exercise will help flatten our stomachs
  • Hope that the perfume we wear will attract others to us
  • Hope that the clothes we wear will make us look good

You get the point.  The word HOPE defines our wish and need to increase our lot in life, make things better and remove pain.

For if there is no hope, will anyone ever buy your products or services?

If you accept this premise, then is your messaging talking about the outcomes and hope your products and services provide?

Learn the questions you need to ask to find out the hopes of your customers and those you serve!

How To Get Out of a Bad Mood

Paul Dominguez, a friend and mentor, always tells me to stay in communication.  What he means by that is if we are not talking to others for an extended period of time, we are susceptible to our own negative thoughts and assumptions.

Want to get out of a bad mood, call someone up and talk to them about anything, even the situation that has soured your mood.  Just getting things off our chest will lighten your mood.  Often the conversation will provide different angles on the situation and one will see light at the end of the tunnel. At the very least, you will be freed from inaction and able to move forward.

Just lost a deal, don’t withdraw and go home.  Call a colleague and share the experience and you will find it is not that bad after all.

Not sure what to do about a situation, call a trusted friend and speak about it.  The conversation will lead to new ideas you will never have thought of on your own.

Not sure how to deal with a lousy coach or boss, talk to a friend or family member.  Vent your feelings and then, most importantly, be open to the responses you are receiving which could lead to a breakthrough.

Sometimes, we just want to talk without hearing advice.  We just want to vent.  As the listener, make sure you know what the “story teller” wants from you.  Listening without advice is all it takes sometimes to help someone out of a bad mood.

If the “story teller” wants advice, then give it.  Just make sure you are relaying it to their situation and while showing empathy and understanding.

It’s true people don’t want to hear others always complaining.  So make sure you are not complaining to the same person all the time.  Otherwise that person will consider you a downer and will stop taking your calls.

You should always try and have a personal conversation in your head to help get you out of the bad mood.  It’s better if you can do it by yourself.  But, if for some reason you are stuck, GET IN COMMUNICATION!!!  Otherwise, you will waste precious time and energy you will never get back.

There are other tools you can use too.  Exercise, humor, Yoga, etc.  Whatever you use, each is a form of communication in getting out your feelings and frustration and moving on.

Smile :) Life is just a game.  Learn to play the game and enjoy the journey.  You really do have a lot to be grateful for.

A Good Manager is Not Necessarily a Good Leader

 

 

 

Many people mistake being a good manager for being a good leader.  Managing is only one of three core responsibilities a leader needs to have in order to succeed.  They are:

  1. Critical Thinker- ability to remove emotion and think of all alternatives and options on how to move a department, organization, project or sale forward.  Ability to solve problems and maintain a leadership position in the marketplace.
  2. Manager-ability to execute processes properly to achieve desired results.  This includes staffing and scheduling.
  3. Coach – ability to get things done through others. Understand individual’s strengths and weaknesses and create environment to get the most out of each individual.  Coaching is not about changing people.  Leaders create opportunities and environments for success.  Individuals must want to personally succeed and do whatever it takes.

If a leader can excel in these three areas, there is a good probably they have the 7 traits of a great leader outlined in the book Lead, Sell or Get Out of the Way.

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Simple Truth On How to Double Your Sales Now

The secret to doubling your sales is what I call the simple truth of selling.  Selling is not about show and tell, where you regurgitate all of your features and benefits hoping that one of your points will motivate a customer to buy.

Rather, the simple truth is simply asking the customer about the results (outcomes) he is looking for.  Clarifying her answers to make sure what she is saying is similar to your impression and avoiding false assumptions.  Follow that up by asking what’s at stake in terms of success if the product/service does or does not work according to spec.

Then, and only then, respond with the key features and benefits that speak to the issues the customer has just provided and close the deal.

It’s that simple.  The simple truth is that people buy for their reasons, not yours.  So stop making it too difficult and find out what the customer is looking for provide the right solution.

Keeping it simple will help you sell more in less time, increase your closing ratio and increase your level of satisfaction/fulfillment in your career.

Click Here for more ideas on how to double, triple and quadruple your sales!!!

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Why Companies Are Needlessly Losing Business

Companies are losing the battle of sales and customer service because their reps are not trained in critical thinking.  Instead, they are loaded with scripts and computer programs on what to say next versus the next logical step one should take to help solve the problem and build customer loyalty.

The key to building any business is for customers to feel they are being heard and their needs are being met.  This is true for sales and customer service reps.  And you need to make sure it is being done on a consistent basis because one bad hiccup can erase all the good will you have previously established.

Here is an example.  A while back I was on my preferred airline where I had top tier status. I was one of their most profitable flyers.  The kind you want to take care of.  During a flight from Newark to Tucson on a first class ticket, word came down that the family needed to head to San Diego because my uncle was in the last stages of cancer.  Upon landing in Tucson and getting the message, I immediately called my airline and said I needed to change my return date and location due to a pending death in the family and I requested a bereavement fare.

The agent told me I did not qualify for a bereavement fare.  I asked why not.  The answer was because I already departed my point of origination.  I had to be in Newark at the time of the call.  I said, “You mean I am being penalized because I was not home at the time of the call?  Even when I was on your plane at the time on a first class ticket?”  I asked them what would it cost for the re-route. They said $40 if you fly back during the day and we would owe you $200 if you take the redeye.  I said why don’t you waive the $40 and get me back during the day.  They declined.

I responded that I cannot believe they are treating an executive platinum that way and the agent, get this, responded “I can’t believe you are trying to rewrite our fare codes”.  I was so angry I just hung up.

Next I called Southwest Airlines, an airline I have no relationship with, to get me from Tucson to San Diego. I started with the same explanation and the rep said “Mr. Karr, on behalf of Southwest Airlines, let me share how upset we are that you have to travel under these trying circumstances and we will do everything we can to make your journey as comfortable as possible.”  This is coming from an airline I hardly ever fly.  Then she goes on to say that because they have the lowest fares, they do not offer bereavement fares.

The way she acknowledged my pain, she could have charged me a couple of hundred dollars more and I would not have cared.

Imagine this.  The airline I had the most status with accused me of trying to re-write their fare codes and the airline I had the least status with was truly trying to be there for me, even if they couldn’t offer a bereavement fare.

Figuring the call with “my airline of choice” had to be an aberration (I did get great service in the past), I decided to try again.  And wouldn’t you know it?  I got into the same exact argument word for word.

Fast forward six months later.  I am sitting on a plane “my airline of choice” and next to me was a young lady and we started talking.  I asked her what she did for a living and she said she worked in reservations for “my airline of choice” in LA.  She got my attention.  I explained what happened and she started laughing.  She said all that happened was the second agent simply read the notes of the first call entered into the computer by the first agent.

All that happened was the agent simply read the notes?  WRONG!!! All that happened was this incident, plus a few others like it, wiped out all the great customer experiences I had on that airline and led to my avoiding them like the plague.  And now that airline is in bankruptcy.

We have to stop training reps in customer service and sales on how to read scripts and teach them critical thinking.  They have to adapt to situations and respond appropriately to customers.  Otherwise they will walk.  We have to train them on how to handle conflict resolution and make appropriate decisions that protect company assets while at the same time handle customers with great care.

I know there is a need to systematize processes to make sure people are doing things rights.  However, when you systematize things too much, you turn people into robots who are incapable of dealing with human emotions and solving problems real time.

How much do you think “my airline of choice” lost in annual revenue because I don’t fly them anymore?  A lot!  And how many people do think are out there like me?  A lot!

What companies need to understand is you don’t need to worry about those who complain.  You should worry more about those who don’t complain and voice their concern by leaving, just like I eventually did.

Click Here for more ideas on how to double, triple and quadruple your sales!!!

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To Make a Lot of Money, You Need to…..

If you want to make a lot of money, you need to create vs. compete.  No matter what services or products you are selling, if you continue to compete against others your ability to make a lot of money is greatly diminished.

In competition, the conversation usually turns to money and everyone gets commoditized.  Pressures are mounting to cut prices in order to get the deal.  The late Bill Brooks, my mentor and coach, did research in which they interviewed 6,000 buyers in all industries and asked them why they continue to beat sales people up on price.  Their answer was simple.  After meeting with six sales reps on average a day selling the same “stuff”, how do you differentiate one from the other?  The answer is price!

The key to making lots of money is not by competing, but by having different conversations and providing solutions to problems that are not being solved.  In a competitive environment, this means talking about challenges the customer is having and explaining how your products/services can address those challenges.  Even though you may be competing with a similar vendor, the fact that you are talking about issues not raised by your competitor is a form of creation.  That alone can lead to a sale with no discounting.  This means asking your customer about their challenges before you start “selling” your stuff.

Another form of creation is packaging your core competencies into a mix of services that produces the best result for a customer.  In this case you become so valuable that whatever you are asking for in terms of price is considered to be a drop in the bucket based on the value they are receiving.

Finally, creation also means being the first to market with solutions no one has thought of.  Think about brands like Google, Xerox, FedEx, etc.  Not only were they first to market, their brand names are now used to describe the act.  Example, let’s Google this term.  When this happens, is there any competition?  And are you making money?  Just look at today’s stock price for Google to answer that question.

Creation vs. Competition – which game are you playing?

This also applies to leadership in selling ideas.  Do you create arguments that motivate people to act or are you competing for their time and attention?

Click Here for more ideas on how to double, triple and quadruple your sales!!!

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Most Powerful Word Used to Influence Others

The most powerful word you can use to influence others is the word CONTEXT.  Context is not the word you should be using, but rather the strategy on how to influence others.

What you have to say is not powerful.  The power comes from positioning your ideas and offers in the CONTEXT of what’s important to the listener.  This may sound like a minor point to you, but it is the GREATEST DISTINCTION of what separates the most influential people from others.

Here’s an example.  Scott Nadell, Director of Sales for Mextrx LLC, a third party biller in New York specializing in workers compensation and no fault receivables, called me up after reading Lead, Sell or Get Out of the Way.  He asked me how could he do a better job of opening his client’s minds to listen to what he has to say.  He described his clients as being closed minded and downright rude to him.

I asked him how he started off his calls.  He said since they only give him a couple of minutes, he goes straight into how he can do their billing better and more efficiently.  All of a sudden, the gates come down. Office managers hearing this start thinking about the possibility of having to fire employees because of technology gains. Doctors don’t want to get near this issue either.  No one is listening.

I told Scott he needed to develop the relationship first so his clients are not fearful of him and then present his offering in the CONTEXT of the problems they are trying to solve.

He started going in to prospect calls with the mindset of having a conversation.  Asking about the challenges they are having in billing, getting them to open up.  Then, he presented his offering in the CONTEXT of how he can help them solve those problems without ever talking about laying anyone off.  He concentrated on his company’s technology and statistics of improvement gains similar practices have achieved from working with Scott.

All of a sudden, Scott started having better conversation, uncovered new opportunities and closed more deals.

If you are trying to influence anyone in life, customers, family members, friends, students, colleagues, etc.—remember it is not the message that counts.  It is the CONTEXT in how you deliver the message that makes all the difference in whether your message lands with impact and is acted on!

Click here for 5 Beliefs of Successful People 

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Eliminate Procrastination Now and Forever

Ever have to write a proposal and get stuck with the enormity of the situation, especially when your head is not into it?  Or, do you shy away from prospecting because it simply is not something you cherish to do and therefore you procrastinate to avoid this distasteful activity?

Brian Tracy in his book Eat That Frog talks about the five reasons we avoid doing things:

 

  1. Too Big
  2. Too Complicated
  3. We Don’t Know How
  4. We Don’t Want To
  5. No Fun

The difference between successful and the not so successful people is not they aren’t prone to acts of procrastination.  They just don’t allow themselves to get sucked into it.

If the task is too big, they break it down into manageable pieces so they can handle it better.  Too complicated?  They apply the KISS Principle—-Keep it Simple and Stupid.  Don’t know how to?  They learn what they need to know.  Don’t Want to?   They concentrate on the benefits they will achieve from doing the task.  No fun?  They simply find ways to enjoy themselves.

Bottom line is we all have choices to make in life.  We can avoid the tasks that we are not keen on doing and therefore stop us from achieving the results we want in life.  Or we can find ways to make those unseemly but necessary tasks easier to do and tolerate because they are critical to our success.

Procrastination is not an obstacle.  It is a choice.  How do you wish to proceed?

 

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.