Showing posts with label best sales practices. Show all posts
Showing posts with label best sales practices. Show all posts

Sunday, March 12, 2017

Why Lead Scoring Will Make You Money

I hear this from clients all the time: "Why do I have to make sales even MORE complicated? I don't need to add lead scoring." Well, you don't need to make sales more complicated, and you DO need to add lead scoring. Here's why.
Lead scoring is a simple system to make your pipeline value visible to the rest of the sales team. I'm a fan of writing 3 or 4 simple scoring lines like When Is The Lead Planning to Make a Purchase (the sooner, the higher the number,) What Is The Budget For The Purchase (the higher the better,) What Is The Interest Level of the Lead (are they contacting you or are you reaching out,) and the like. Ideally, each of these lines will score 1-3 points. The higher the score, the better.
Now, how were those high-scoring leads sourced? Who on the team has the most high scores? Does that correlate to their closing ratio? Should more of the team start sourcing leads in the ways the high-scoring leads are sourced? The answers to these questions will streamline your lead generation, saving time and money, while increasing your closing ratio.
Channeling the Ginsu Knives commercials, I have to say, "And that's not all!" Are your best closers assigned to the high-scoring leads? Or are they your best closers because they close everybody, no matter the score? Why would you give your worst closer your best leads? You can learn a lot about your sales rep's strengths and weaknesses by ranking their leads and seeing if they close. Now you know where to direct your coaching with those individual reps.
"But wait! There's more!" If the scores and the pipeline are public, you have more choices in how to manage your time. Is a rep out sick, and they have a high-score appointment on the board? Does a poor closer have time for a ride along or two with a strong closer? Is Joe a weak closer because he only sources low-scoring leads? You can allocate the team's time in ways that will ensure the high-scoring leads are never left hanging, and can be used as teaching opportunities. And you can learn more about each rep's lead gen process.
And lastly, have your reps defend their scoring. If it isn't challenged, they may just tell you what you want to hear. And when the whole team can see how many high-scoring leads are generated by others, they will compete for that number, too. Nobody likes to see themselves at the bottom of any ranking more than occasionally, so that problem is now solving itself, without much management intervention.
Rome wasn't built in a day, and this won't be either. Add one scoring metric a week until you have the metrics in place that make sense for your business. Don't ask your reps to track too many factors, or it will become a burden. Aim for 3-5, and hold them accountable. And watch your bottom line change!
Elisabeth Marino is an sales process adviser working in Buffalo, NY, and a frequent contributor to LinkedIn. She has worked in sales development and evaluation for 17 years, and helped dozens of organizations improve their sales numbers. Connect with and follow her here, visit her website: www.marinoconsultants.com, on Facebook as Sales Dynamo Consulting, and follow her on Twitter @SalesDynamoNY.

Sunday, March 5, 2017

In With a Plan, Out With a Sale

I'd like to say this once and for all - Luck is not a business plan! "Talent" is not a business plan! Whew! I needed to get that off my chest.
I work with small to medium sized businesses, and sometimes really large ones, and I'm amazed at the number of times I hear that there is no skills review or specific process for the sales team to follow. Entrepreneurs hiring sales reps tell me, "they should know what they're doing." Um, yeah, but so should you. Luck is not reliable and repeatable, and without a reliable revenue stream, you're out of business.
Most people who start a business are not sales experts, just like I'm not an automotive expert. But your sales reps should be. They should be going into every sales call with a plan that helps them qualify the customer, and present that customer with the right product to fill their needs. If your reps don't do that, every sale they make is based on luck, intuition, or personality. Not good.
Every sales call should have the same purpose: lead to a sale. The sales cycle for each business is different; selling cars is different from selling medical equipment. Each one will have a different call plan. What are the necessary steps for a prospect to go from zero to sold? All of them are part of your sales process. What needs to happen in person? Those are the parts of a sales call plan. Every sales rep should be using every part of the sales process. If they aren't, they're not doing their job. They should be able to discuss it with you, and they should be able to fine-tune and improve it over time. That way, they can share best practices between them, and all improve steadily.
While we're at it, let's stop selling like it's 1995. There is nothing your customer can't learn or find on the internet. They can probably buy it cheaper, too. That means you need to be there, where your customer is doing their homework. Have some solid online support for your business and your reps. Have a great website, and include a FAQ page. Do some inbound marketing, with social media (anything retail), white papers (business and professional services, technology), a blog (food, fitness, arts, in-home services) or newsletters, all linked directly to your website. People don't buy from businesses. People buy from people. Create a web presence that helps your customer learn your business's personality, and help them know, like and trust what your business will provide.
So, to recap: have solid web presence to help your clients learn about, know, like and trust your business. Sales reps should have a specific set of skills and a plan to learn to "right size" the solution they offer your client. Your company should have a clear, repeatable sales process that evolves over time based on the successes of your sales pros. And you can't rely on talent or luck to provide a steady revenue stream. You need a plan.
Elisabeth Marino is an sales process adviser working in Buffalo, NY, and a frequent contributor to LinkedIn. She has worked in sales development and evaluation for 17 years, and helped dozens of organizations improve their sales numbers. Connect with and follow her here, on Facebook as Sales Dynamo Consulting, and follow her on Twitter @SalesDynamoNY.

Saturday, November 14, 2015

Want Better Sales Numbers? Take This Quiz!

This is an abbreviated version of the basic State of the Sales Team Evaluation that I go through with each new Sales Training client, well before any contracted curriculum is developed or taught. Have your Sales Managers (or Sales Pros) take this quiz anonymously, and you'll quickly identify some hidden weaknesses in your sales team. It's much easier to develop an effective solution when you're attacking the real problem!

1.       How many team members are at or above quota? How many on your team total?

2.       What are your team’s strengths? Prospecting, cold calling, follow up, presentation, closing, account management, referral generation?

3.       What is your team’s weakest skill? Prospecting, cold calling, follow up, presentation, closing, account management, referral generation?

4.       How have you addressed this/these weakness(es)?

5.       What are the most frequent objections your team hears? Are they written down for the team?

6.       Have you helped your team develop effective responses to these objections? Are they written down for the team?

7.       What are the weaknesses of your product line?

8.       Do you train your team on how to answer (not deflect) questions about the weaknesses?

9.       Do you study competition offerings?

10.   When is the last time you trained your team on the offerings of the competition?

11.   What do you do regularly to keep your team inspired and motivated? Does it seem to work?

12.   How often do you have team meetings? Never   Daily   Weekly   Monthly    As Needed

13.   How often do you praise team members? Never   Daily or more   Weekly  Monthly   Can't Remember

14.   How often do you correct, scold, or discipline individual team members? Daily or more    Weekly    Monthly  

15.   How often do your team members praise each other?  Daily or more Weekly Monthly  Less than monthly

16.   Do you believe your team members have enough sales materials? If no, what do they need?


17.   Do you believe your department has adequate support in your organization? If no, why not? What do you need?

18.   Once a sale has been made, are there any consistent problems with fulfillment? If yes, what are the problems? What have you done to resolve this?

19.   Does your team use a CRM? Is it within a week of up to date?
 
20.   What is your management style?


21.   Have you sought other employment within the last year? If yes, why?

22.   If no CRM, how do you keep track of and manage your pipeline?

23.   How current are your client and prospect files?  Up to date   Within a week Within a month   More than 30 days out of date

24.   How many hours per week do you work? 35-45  45-55   55-65   65+

25.   Do you have any selling responsibilities? What percentage of your time is spent selling?

26.   How many hours per week do you spend on paperwork? 5-8 9-12  3-16  17-20  20+

Look at all the answers in context of which teams are the most successful, and which are the least. What answers surprised you? Now you have somewhere to start from...  

Wednesday, July 15, 2015

How to Land Your Next Sales Job

So many people are looking for jobs right now, it's difficult to set yourself apart. What do you do? More resumes? More cold calls? Better clothes?

Friends, you're in sales! Landing a job is all about selling yourself to your next employer! Work on this project as if you were making a sale. As you make contacts, they will see you exhibiting all the skills you'll need to be effective in your new position.

Remember, over 60% of all jobs never make the want ads. Don't limit yourself to the jobs you see posted. Look for the job you want. Make a target list of companies you think would be a good fit. And then go get 'em! 

Of course, you need a great resume. And a concise, focused resume. A resume focused on what you've done is ok, but a resume focused on what you want to do for your next employer is better. Include your experience, but write your text to focus forward. 


Yes, you need to research your target list, just like you would in sales. Make lists of who the key players are, and learn their histories. (It's probably all on LinkedIn!) You'll have a much better idea of who might advocate for you, and many good connections may be one introduction away.

Cold calling is not dead. It's part of your job search strategy. Can you just walk in and expect to walk out with a job? Maybe not. You'll do some calls in person, some via email, and some via USPS.

Networking is a great way to cold call for a job. Your research will tell you where to network to meet the people you need to know. Members of the Chamber? Join the Chamber. Active in the Red Cross? Volunteer. Networking with target personnel takes some of the pressure off of both of you, and allows you to be less formal.

Don't talk about your previous employer any more than absolutely necessary. Focus on moving forward and accomplishing good stuff for your next employer. 
Remember to follow up. Just like you would in any sale, you need to follow up promptly and professionally. Email is the way to go. No texting! No phone calls. Email is professional, and respects your contact's schedule.


You're a great sales professional. You know what to do. Go forth, and sell yourself. You'll have a job you love in no time!

Wednesday, June 17, 2015

Why You Missed Quota

The sales quota is much-argued situation in most sales organization. How is it set? Do previous successful months offset less successful months? Is it a moving target, growing as you become more successful? Is management doing anything to support achieving quota? Sales pros love quota when they're ahead, and hate it when they're behind. Should a company even use quota anymore?

Sadly, quota isn't going anywhere. It's how most sales organizations predict the cash flow they will generate to support the rest of the company. These predictions need to be pretty accurate, or the dominoes fall fast and hard. So why are they so difficult to hit? It may be a combination of management's fault, and your problem.


Quota isn't always important. If meeting quota isn't a consistent qualification for keeping your job, it may be an excuse to fire reps who haven't fit into the corporate culture, or rubbed management the wrong way. Or it may only be important if cash flow is tight. Inconsistent attention to quota makes it hard to take seriously. If you miss quota occasionally, you're normal. But beware: if no one mentions it to you, and asks if your pipeline is recovering this month, and asks how they can help, management may be using missing your quota as a way to ease you out the door.

You aren't doing the right homework. Sales pros are prone to bouts of burnout - feeling like our work is under-appreciated, over-paper-worked, and too repetitive. It's work to keep it fresh and still be effective. Read at least part of some sales philosophy or sales system book or tweet or blog every day. Every time you tweak your perspective, you stave off burnout. Also, create a strong list of call objectives for each call. If you had one before, shake out the ineffective goals and replace them with new stuff. New conversations will yield new results.

Management doesn't support the team. Does your manager help? Or threaten? Does upper management bring in outside trainers to offer you a fresh perspective? Are you discouraged from taking time off? Is the organization aligned with keeping customers, and serving them well? Some managers are just as burned out as their team, making them ineffective at providing the support, sounding board, and education the team needs. Some customer service staff look at every customer as a list of problems. It's very hard to be a successful solo act if your management has a negative attitude.

You flip out when you have a slump. In simple terms, you're superstitious. You think a bad week means you've "lost your touch." If you could make sales two weeks ago, you can still do it. (It's not a magic trick, it's a skill set!) Do an objective check of whether you've let your side of the equation slide. If you're still doing a thorough and professional job, shake it off. No coin comes up heads every time. Statistics insist that everyone have a slow patch sometimes.

Quota is an unreachable number. If your quota keeps changing, it usually is growing. There is a market potential beyond which higher numbers are impossible. There aren't enough hours in the day, or customers in the market to make the numbers required sometimes. This is a very bad sign. It means management hasn't aligned their outlook with current market conditions. It tends to make the relationship between sales and management adversarial. Particularly in organizations where sales pros are also the primary account managers, the more clients you have, the less likely it is you can keep hitting big numbers based on the sheer volume of time it takes to keep your accounts happy.


Your reputation is, well, tarnished. Remember that in sales, it's all about trust. If the prospect doesn't trust you, they won't trust what you tell them. Have you been professional, thorough, and honest in every interaction? The grapevine will bite you in the end. At one happy hour, one of my managers became very drunk, and very belligerent. (Yes, he was old enough to know much better.) Within two months, the company transferred him out of the area with a stern warning: you've made yourself poisonous to the restaurant community once. Any further trouble, and you're fired.He was lucky. Bad behavior has a way of living on forever. You never know who knows each other, or how long your outburst will live in social media. Clean up your act. You have a very public job. It will make a difference!

Wednesday, June 10, 2015

The 4 Most Common Shopper Personalities, and How To Sell Them

There are millions of individual personalities out there, but most of us fall into one of 4 categories when we are shopping: The Expert, The Connector, The Prisoner, or The Evaluator. Each one of these shopping styles requires information and service to be presented in a particular way in order to make the shopper feel respected and interested in doing business with you. At first glance, it may seem like patronizing people, but really, you're just addressing your prospect in their own language. If their language was Serbian, you wouldn't speak French, would you?

Here are the 4 most common shopper types, and a few pointers on how to speak their language:

The Expert
This shopper believes they know it all already. Saving face is very important to them. You must respect the knowledge and experience they have, or think they have. Use reinforcement phrases like: I like what you just said. -and-  That’s a great question. Start sentences with: As I’m sure you already know… Question with: I’m curious about your thoughts on…
  

The Connector
This shopper is always looking for familiar context.  Everything will remind them of a story, person, or movie. They want to trust you, and want things to make sense. Use phrases that emphasize the familiar: Use their own words and phrases whenever possible. Analogies are usually helpful with these shoppers. Start sentences with: You may have thought it would be nice if… and then follow with a feature. Questions should be grounded in recent statements the shopper has made: “How soon are you looking to buy (whatever they just said)?”

The Prisoner
This shopper doesn’t want to be in the market. They want to get it over with. All they need is trust to move forward. Trust that you will take this issue off their hands, and they won’t have to cope with it anymore. Write things down! Never ask them to repeat themselves. De-escalating their emotions is very important, but it needs to be done in a way that is not minimizing the importance of their feelings. Start sentences with: Thanks for bringing that up. -and- This must be a frustrating position for you. Question with: Do you think we should talk about ________?

The Evaluator
This shopper loves the shopping, and always wants more time and material to consider. Helping them to the decision phase may be seen as pushy. They will walk away if they don’t feel educated. They want a lifeline, so they will ask about guarantees and warranties. Comparison shopping is the norm for them, and they may lead you on in hopes of getting a deal to take to your competitors. Start sentences with: “As you may know from your research…”  Question with: “To answer you better, I’d like to ask you a question.”

Wednesday, February 25, 2015

Are You Out Of Context?

Have you ever had a persistent telemarketer ruin your lunch hour by calling repeatedly? They're annoying because they are out of your context of having a relaxing lunch. Let me illustrate with a story:

There is a "Wanted" poster with my dog Max's photo on it at a fancy local country club. It lists his crimes as "theft, trespassing, and general menacing." These "crimes" arose from an incident when he was 9 months old. Let me explain. Max and I were in a state park. He was off leash, and I was helping him run off some of his endless, puppy energy. Agreeably, he came when called, and otherwise ran and jumped and played. Until "the sound."
The golf course was beautiful, wide, and seductive to my muddy puppy. He ran until he was out of sight. I followed what I hoped to be his course, and eventually found my muddy, smelly dog begging designer-clad club members for food on the stately patio. I put him on his leash and went away, followed by a barrage of lively comments from club members.



He heard something, and went charging off. He jumped into a stream, scrambled up the other bank, and, covered in thick mud, started racing across a country club golf course, adjacent to the park and only separated by the stream. As I frantically ran to the bridge, I watched him elegantly lope across the golf course. Two men were on a putting green. One man putted. Max, a puppy who wanted to play, trotted over to the ball, picked it up, and ran off with it. The golfer raised his club, yelling and cursing.

Max was out of context. Within his context, he was outside to play with his human. And play he did. Nonetheless, he was wrong. The objective context was that he was cavorting on private property and interrupting the afternoon for club members.


When sales pros approach prospects, we are often out of context. Our prospects are working within their own contexts, and don't necessarily welcome a change in agenda. The very first part of our agenda should be discovering the context of our prospect in that exact moment. Are they up against a deadline? Networking at a luncheon? Filling an urgent need? Are they even happy to hear from us? Is what we're pitching appropriate for the need the prospect is trying to fill? Unlike the telemarketer above, we don't want to cram ourselves into someone's attention at any cost.


It's vital to the establishment of a good professional relationship that sales professionals place themselves within the context of the prospect and act accordingly. If this isn't a good time, sympathize and schedule one that is. If they are having a brutal day, let them vent (and listen closely) before you introduce your agenda. If they are happy to see you, encourage them to expand on why, and how you can be of service to them right now. Present yourself in the context of their day, their needs, and their goals. When we're out of context, we often gain the reputation of someone who "doesn't listen." Instead, we want to be considered someone who "gets it." Context is key.

Wednesday, December 3, 2014

Make Your Client Sell Themselves

The sales that last, the sales that earn the most referrals, and the sales that earn the most repeat business, are the sales when the client sells himself.  So we sales pros get the day off, right?  Sadly, it's never that easy!

Sales professionals who can persuade the client to sell themselves are, in fact, the most valuable pros out there.  How do they do it?  It seems counter-intuitive, but those sales pros ask the most questions, listen better, and talk very little.  What are those questions?  These questions!

What issue or need with this purchase fill?  When the client discusses the problem, it increases their sense of urgency.

How does this need affect your business?  The more you know about the need, the more likely you will present the best product to fit the need.  The client is also describing their work process, which makes you better able to address them as an "insider."

How often does this need arise?  When the client mentions the interval of need, they are primed for you to set up your follow-up call.

How does it effect your business when this need in unmet?  You are asking the customer to establish the value of the product on their own terms.  There is no better sales pitch.

What are your business goals?  How does this product help you meet them?  The customer begins describing the use of the product in terms of success in meeting their own goals.

When do you want this solution in place? The client returns themselves to urgency, and the sale is made.

You can do this.  Answer each of their questions succinctly, and then follow up with a question of your own.  Present your solutions in the order of the questions they ask you, don't give them a canned pitch.  If you know your product thoroughly, the client will sell themselves, with only a little prompting from you!




Friday, November 7, 2014

Keeping Management Happy (And Off Your Back!) In 2 Emails

All managers have expectations, and you need to keep your manager happy.  In sales, this happiness is often measured daily or weekly.  Some managers tell your right out what their expectations are.  Others hint around it.  Still others say nothing, and hope for good numbers.  It is important to understand what the expectations are, because they will keep you from trying to reinvent the wheel.  No matter what your manager's style is, get clear on the expectations, and adjust when they change.

Most management expectations are built on history in your market, and they’ve discovered which ratios and activities yield the desired results.  Do as they ask.  Eventually, you may discover that management isn’t as married to each activity as much as it is to hitting their numbers, and you can change tactics to get there.  Maybe you’ll discover that the only thing that works is following their formula.  The point is, the decisions you make about how to plan your work need to take management expectations into consideration, and meet their needs.  If you don’t meet their needs, you will be replaced.  It’s harsh, but it’s true.
 

A very effective tool for spending time efficiently is to keep management in the loop is to write the broad strokes of your plan for the week in a simple email, and send it to your manager.  “I have follow ups with A, B, and C companies for sales calls.  X, Y and Z have closing appointments scheduled.  I’ll be cold-calling in Bergen County in the mid-week.”  Send it on Friday night or Monday morning.  No, telling her in a quick moment in the hallway isn’t enough!  If your manager has specific expectations, you’ve told her the highlights of how you’re planning to meet them.  If your manager has no expectations, she knows what you’re doing.  And when your manager wants you to focus in a different area, she’ll write back or tell you.  You’ll know before you blow your time on the wrong stuff.


This approach also seems to keep micro-managers off your back.  Just remember to send a follow-up email at the end of the week explaining your accomplishments.  If something went badly, admit it, and indicate how you plan to remedy the situation.  This should not be in the same email as the “Plan” email!  Identify each with the specific dates they cover so you can quickly reference them over time.  Ex: “X and Y closed as expected.  The contracts are in fulfillment.  Z is shopping the competition, and has concerns about the sales agreement.  Another meeting is scheduled next week.   Cold calls yielded 6 follow-up calls in Bergen County.  Company A was a one call close, and the contract is on your desk!  B scheduled a presentation for Monday morning.  C has a closing appointment with us Tuesday.”  This simple summary shows your boss what your piece of her team is doing, and helps her make effective management decisions. 

All of this communication creates a paper (email) trail that will be helpful to you at review time, as it will be easy for you and your manager to quantify your efforts and your results.  You'll also be able to look back and see patterns emerge around certain sales approaches and subsequent success or failure. All this in two emails a week!  Get writing!  

Thursday, October 23, 2014

The 5 "E"s Will Close More Business

Quite often I mention how important it is to have an agenda for every client interaction.  The five "E"s are a great example.  They are the groundwork for every client interaction, and after each meeting, I write down the notes relating to them. There is no script, but there is always a plan.

Energize yourself, your presentation, your materials, and because of that, your meeting.  You don't need cheerleader-level spunk, but it needs to be clear that you're happy to meet with your client, and that you're paying close attention to the conversation.  Don't ask your client to repeat themselves if you can possibly avoid it!

Encourage the client to share long and short term goals for themselves or their company (depending on which is the customer.)  Goals are why people buy. They want a hole, not a drill. Make sure you know what their goals are, because it tells you what to sell them, and how.

Educate the client about how your product will meet their goals.  If your product makes beautiful holes quickly, talk about holes.  Talk about product reliability in terms of "security in hole-making for years to come." Answer questions about the product, but don't drone on
like an infomercial!  The client cares about reaching their goal, and moving on to the next one.

Engage the customer on a human level by dropping the jargon as much as possible.  Say "hassle" instead of "impediment," or any other opportunity to humanize the conversation.  Talk to people like they're people. Jargon is necessary in most businesses some of the time. Humanity is necessary all of the time.

Empower your customer to reach their goals by supplying only the right products, always at the right price.  If you over-sell, you will probably not earn repeat business.  Your client will have an unrealistic impression of the cost and complexity of your solution.  If you under-sell, your customer won't reach their goal.  And if you overcharge, they will find out at some point.  Not only will repeat business be in jeopardy, your reputation may be as well.

Thursday, October 16, 2014

You Say You're In A Slump?

In sales, like all things, our performance is inconsistent.  Even the best, most solid of us have times where we perform below normal, and even the worst of us sometimes perform magnificently.  What gives?  Luck.  Really!

Let's think about the biggest reason it might not be your fault: statistics. Every time you flip a fair coin, the chance of it coming up heads is 50%, because that's the number of possible outcomes, or 1 over 2.  (You'll never get both results from a single flip.)  If you flip 5 heads in a row, the chance you'll flip a heads on your next toss is still 1 in 2, because the coin still has two sides.  (There is a human tendency to think the results of the previous flips will change the odds, but it really doesn't work that way!  Learn more here: The Gambler's Fallacy.)  How can that help us in sales?

Statistics tell us that stretches of positive outcomes and stretches of negative outcomes will happen.  The reason this is good news is that if you haven't closed much lately, the odds are reset to normal every time we knock on a prospect's door. You're no more likely to have a negative outcome if you're in a "slump" than if you were on a "winning streak" if all other things are equal.  It's just like the coin flips - the previous sales call has no effect on the next sales call.  (We're still assuming you are not suddenly less capable and talented, you're just in an unusual patch of bad luck.)

But sometimes it's hard not to let self-doubt creep in.  After several unsuccessful sales calls in a row, we begin to dread adding another failed sale to the list.  What's a nervous sales pro to do?  Snap out of it!  Dread will put you an a frame of mind that "primes" you to expect defeat.  Your language and tone of voice change, and your customer will quickly lose confidence in you and the product. If you psych yourself out, you will be the problem.

Instead, run through a checklist of the information you need to convey before you meet with your customer.  Review any goals the customer is trying to achieve.  If you don't know their goals, make sure you plan to learn them.  Doing this will remind you that you do, in fact know what you're doing, and are properly prepared.  Then, go into your meeting with confidence that you can help your customer achieve their goals by buying your product.

Still feeling a little nervous?  Play your stereo loudly and sing along to an upbeat song.  Studies show this increases mood and confidence, even if you're a lousy singer! Remember how well you did in closing a few difficult deals, and how good you are at helping customers achieve their goals.  Positive visualizations and self-talk are also backed by science as mood-lifters and performance-enhancers.  Calm down, cheer up, and go get 'em!

If your slump is, in fact due to some problem on your part, it will become clear soon enough.  Each sale will break down in the same place, or you'll be defeated by the same objection over and over. That problem is easier to fix - you can pinpoint the problem and train yourself accordingly!

Monday, July 14, 2014

The Art of the Probing Question



To fully understand what products and services your client needs, you need to learn about their pain.  What isn’t working?  Why doesn’t it work?  How does that affect their business?  These questions are all about establishing the specific needs of your customer, and bringing those needs to the front of your mind and theirs.  (Make notes of the answers!)  Probing questions should be a major part of every sales call you ever make.  Finding a way to discuss what your client finds to be a problem and then keeping them talking about it is the bread and butter of daily sales work.  It tells you what to sell them.  

The question I get a lot from sales pros is this: How do I work them in without sounding like I'm interrogating the prospect?

Let’s use the example of a vacuum sales pro.  “What’s the dirtiest area in your house?” “Does anyone in your home have allergies?”  “Who uses the vacuum at your home?”  “Do you vacuum the stairs or curtains?”  “Will you be vacuuming hard floors, or carpeting, or both?”  These are all probing questions that will help the salesperson guide the consumer to the right product, while also reminding the shopper of all of the ways they use their vacuum.  It might come off a little abrupt without some polishing.


You need to open the conversation with a warm greeting, and ask about their goals for having a new machine first.  Then you keep the conversation focused on the customer by responding to whatever they say as a person first, and following up with a professional option, second.  

Client: I want to finally get rid of the dog hair in my carpet once and for all!  You: I know! That can be so aggravating!  That's why Acme Corp designed this Pet Defender model.  Pet hair is removed in one pass.  No extra work!  Now you can move on to your next probing question.  You: What kind of dogs do you have?

Focus on the problem.  Every product or service represents a solution to a want or a need.  The right probing questions will lead to a sense of urgency on the buyer’s part.  All probing questions should focus on the pain, or how the solution will be implemented.  What problems has the unmet need caused?  How it will affect their life or business the longer their need goes unmet?  Does this need arise oftenHow long has it been unmet already?  How would it be if the need were met today? 

Sometimes the consumer doesn’t know there is a solution available for a need, so they don’t mention the need.  If our vacuum sales pro doesn’t mention the robot vacuum that cleans floors by itself, how many will he sell?  If he asks how much time people “waste” vacuuming rooms that could “clean themselves,” would he sell more?

Picture your conversational flow like this: Client information>respond like a human, then with a professional option< ask the next probing question. Remember, as the sales pro your job is to provide the best possible solution to the problem or need.  You can't assume the prospect knows what all of their options are, even if they tell you they do!   Ask the right questions, enhance their urgency to buy, and sell them the right solutions.  You're right on target.

Tuesday, July 8, 2014

How To Make More Money In Sales


You're a "natural born salesman," right?  People have said it your whole life.  I’m here to tell you that they don’t exist!  There isn’t one, any more than someone is a natural-born brain surgeon.  Talent will make a good living some of the time.  Effective salesmanship is a group of skills - learned behaviors.  There are folks who are naturally persuasive in conversation.  That doesn’t mean they possess the skills to find new business, close a sale and maintain a customer relationship.  Sales is a combination of technique and creative application of that technique.

What are the magic techniques?  There isn't just one!  Each market is different.  What works in Des Moines definitely doesn't  work in L.A.. What works for everyone is this: read everything!  At least twice a year, buy a sales book, and get learning.  Why?  Because your market is evolving every day, and you need to evolve right along with it.  Each technique you learn is another useful tool in your toolbox.  Relationship selling may be the ticket in your area right now, but will not necessarily work tomorrow.  

Prospecting and closing are the basis for all sales.  Solution selling, challenger selling, trusted advisor selling, SMART selling - each one is a set of disciplines that keeps the customer talking about his needs, and each in a different way. That's the only "trick" in the book.  Keep your prospect talking about the trouble caused by not having their solution or your product.  If your current pitch isn't opening up the conversation, change tactics.  The only way you can do that easily is to have dozens of tools in your toolbox.

Focusing on the buyer's needs does several things: it teaches you how the prospect does business; it shows you what solutions they are shopping for; it demonstrates what solution has failed; if properly handled, it brings up the urgency of the buyer to solve the problem.  Urgency is what tips the scales from conversation to sale.  

If your only tool is a wrench, you'd better hope every prospect is a bolt.  Otherwise, build your toolbox.  Read, role-play, and continually sharpen your skills.  You'll close more business, and make more money!  

(Suggested reading: Zig Ziglar, Paco Underhill, Jeffrey Gitomer, Meridith Elliot Powell, Stephen Schiffman, etc.)

Tuesday, July 1, 2014

Networking: Just Do It!


Networking meetings don't have
to be formal.  Make 'em happen!
Networking – verb.  Any process by which you expand your network of business connections.  Conventions, industry happy hours, and professional organization meetings all can be networking activities.   Charity events like fun runs, community events like parades and festivals, LinkedIn, other social media, and attending events where your target market recreates are also networking opportunities.  Don't attend these events blindly!  Target the connections that will be the most useful to you, and cultivate them.

Cattle-call networking event.  Don't!
Recently some sales professionals have been actively preaching against networking. Bad networking is out there, and a total waste of time.  What is bad networking?  Collecting business cards and shaking hands is not networking.  Don’t bother.  Effective networking brings you prospective, customers, job offers, references, referrals, and a bigger paycheck. 

Good networking is establishing a real connection with another business professional.   Customers can be valuable network members, but the most valuable are frequently folks from outside your customer base.  Inside your industry there are key players, and you want to know them.  Make it a mix of the two.

Networks are a
two-way relationship
Why build a network?  There are many reasons.  Connections in vertical markets can help you learn more about your business, and stay on top of changes in the industry.  Keep track of the competition.  Connections can become advisors,  and mentors on tough days.  They pave the way for introductions to hard-to-reach professionals.  Objectivity and different professional circles make network members effective for each other.  These are people you will make part of your professional life.  You’ll maintain contact with them through occasional emails and phone calls, and build your relationship over time.  Their objectivity will help keep you grounded.  Their professional networks will be resources for you, and yours will be for them.  Remember it's a two-way street!   Be there for them.  You'll often need to prove your value before the relationship truly blossoms.

Network members are often the missing
piece of the puzzle!
When you reach out to a network prospect, you'll treat it like a sales call.  (Having a big network is nice, but having the right network makes you money.  Woo them a little!)  You'll talk about them.  You'll focus on their position in their market, and learn what their goals are.  Helping your network members achieve goals is key to a productive relationship.  You'll make an effort to share articles with them, and connect them to appropriate business people in your world.  Follow them on social media.  Recognize their accomplishments and milestones.  As you demonstrate a genuine interest, you'll be securing their loyalty and their interest in you.   

Cultivate strong relationships with professionals in other industries, too.  Outside your industry, there are movers, shakers, and influencers.  Adding them to your network will help you stay ahead of the curve on local and regional business news.  Beyond keeping you "in the know," there is always someone your clients are looking to meet.  Your network members make great referrals to clients who have needs your company can’t meet.  Based on your personal relationship, your client will receive great service from your network members.  If you supply the name of a terrific plumber, landscaper, and dry cleaner to a new home buyer, your value to that home buyer has just gone way up.  A strong network of competent professionals is helpful in every profession.  Think about the connections that will help your customers, and build them.

A strong professional network also will help you when you need a job.  If you’ve been sending them business, and taking good care of the business they send you, your network will be happy to share the job openings they know of.  They will look at you as a competent professional, and will recommend you as such. 

Friday, February 14, 2014

Sales Fulfillment Issues

I hear this one lament over and over from fellow salespeople: "I did my job and sold it, and then the back end screwed it up."  Has this happened to you?  Doesn't it drive you crazy?


First, make sure the weak link isn't you!  You may be terrific in the field, and not so great on follow-up.  You may make wonderful presentations, and make errors on your paperwork.  If you aren't squeaky clean on your process, when the time to comes to solve the problem, you may be considered part of that problem!  Confirm everything you can in a bullet-pointed email to your customer, including your scheduled follow-up calls and dates.  Make sure all relevant addresses and phone numbers are in that confirmation email.  And make sure the same email goes to your fulfillment department whenever appropriate.  (Fulfillment will appreciate the heads up!)  If you've covered these bases, move on.


Second, don't jump the gun.  If the fulfillment department falls behind occasionally, or only when things are extremely busy, let it go. Or better yet, ask your manager how you can help the fulfillment go more smoothly during crunch time.  Life gets easier for you AND fulfillment, and you're recognized as willing to pitch in and help the team reach its goal.


If it's time to address the issue, look at the big picture. The messenger of bad news is never received with open arms.  Management is interested in facts and solutions, not counting up problems.  If you present things well, you'll supply both facts and solutions.  Make the news as attractive as possible. 
Discuss fulfillment problems when you and your boss are on good terms.  If you discuss it when you're missing quota, late on paperwork, or have been late or absent for a couple of days, it will sound like an excuse for your poor performance.  On a day when you've delivered more than expected and the boss is beaming, mention your concerns.  Then, send them in writing.  Make your notes clear and without blame.  Make sure you indicate with whom you've spoken in fulfillment, and what supporting paperwork has been sent to them and received from them.


If you deal directly with fulfillment, send an email confirming the contents of every phone call or meeting.  Even if they don't write back, and insist on calling, write a confirmation.  You are creating a paper trail, which will allow you and the managers to identify where the communication breakdown or execution problem is.  If there are frustrated customers, forward their emails to your manager and the fulfillment department.  Keep everyone in the loop with the problems being faced by the customer, and offer to be part of the solution.  Things will improve!

Sunday, February 9, 2014

Foundations of the Sale


There are three foundations that make every sale succeed.  They are : 1) Client needs the solution you are providing.  2) Client has reasonable expectation of the product and the service you provide. 3) The client feels they have paid a fair price for the solution provided.  When the client sends a strong buying signal before these three foundations are in place, start the paperwork.  But understand that your job isn't finished.  Don't take the signature until all three conditions are met. 

Short of reaching for the pen and asking for the sales agreement, is there a clear buying signal?  Sure there is.  And when your customer starts to send the buying signal, can you rush the sale, or over-think it?  Of course.  So let's get it right.  It's much more profitable to sell the prospect correctly on the first try than to try to appease an unsatisfied client.

Customers send buying signals from the moment they agree to meet with a sales person.  They'll tell you what they want, what they need, what they have filling that need right now, and why they are considering a change.  They'll ask for a delivery or in-service date. Is that the right moment to close the sale? 

The answer is, only sometimes.  We want happy customers.  They become our advocates and sources of repeat business or referrals.  Still, no one wants to feel like they are part of your agenda. So when they ask, "when can we take delivery" or "what kind of deposit do you need" or "how do I bring my people up to speed on this" or any other classic buying signal,  it's time to stop any overt selling.  They're sold.  It's time instead to educate and advise. That will help ensure a happy customer.

Move to what using the product will mean for that client. Ask them questions about how they anticipate implementation working, and use that part of the conversation to set realistic expectations.  Make sure they understand the payment process.  Clients who can reach out and get immediate answers are usually the happiest, so make sure they have your number, the support number, and the address of the website.  Now you're ready for the signature.

Always send a follow-up email thanking them for their time and business.  If your client will be working with someone else for fulfillment of their order, make sure that you include all of the contact information in the email.  That customer is about to be an excellent referral source for you, and that will keep bringing you commissions as long as they are happy!