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!

Friday, October 10, 2014

Selling Against A Lower Price: How To Win The Sale

"I can get it from XYZ Corp for 8% less.  Can you meet their price?"  We hear it far more often than we'd like.  What's a sales pro to do?

Your manager would say, "You haven't adequately sold the value of the product."  To some extent that's true (it helps them meet their goals), but we all know there are some people who will always buy on price, no matter what. What do you say to them?

"I never worry about my competitor's lower price; they must know what their stuff is worth.  What my product is worth is $X.  My product meets your goals of  A and B.  How many would you like?"  With this response, the competition is minimized, and you're back on track.  There is nothing your customer can say to this approach that will shake your explanation of the price differential.  All you need to do is take the order.  They may talk about budget, giving you an opportunity to discuss payment arrangements.  Don't sell on price.  You'll lose.

When your customer makes your competitor a topic of conversation, you need to change the focus back to your customer's goals and how your product helps to achieve them.  You're not an expert on the competitor, and even if by some chance you are, it isn't what you need to discuss to sell your product.  Nobody's goal is to have a 1/4" drill bit - the goal is to have 1/4" hole.  Stop talking about the tool, and start talking about the goal.

This "They must know what their stuff is worth" approach can easily be overdone and beaten to death.  When you say it, say it once, clearly, and then drop it.  You're not bad-mouthing with this approach, you're stating a fact.  If you are perceived as talking trash about the competition, your reputation and your sales are quickly going to be in trouble. Keep the focus on achieving goals, and close our sale. 

Wednesday, October 1, 2014

Drunk, Yelling Mexican Men Are...

Before the Stomach Bug
My husband and I went to Mexico for our honeymoon. It was great, at first.  Then Dave came down with a stomach bug which made him feverish, nauseated, and weak.  I stayed with him all day until he finally fell into a peaceful sleep at about 10:15pm, and then went to the restaurant in the hotel.  It was closed.  I hadn't eaten all day because Dave was sick, and I was starved!  A helpful desk clerk mentioned that the bar/cafe across the square was open.

The square was quiet.  Two men shared a park bench with a radio.  I walked over to the cafe, went in, and ordered in broken Spanish.  Before my food came, a very drunk Mexican man tried to buy me a beer.  I couldn't understand his words, but I got the gist from his hand gestures.  He was well dressed, and a happy drunk, but I found it unsettling.  Maybe I'd take that food to go.  His friend came over and apologized in English, and also offered to buy me a drink.  Where was my food?! 15 minutes passed.

The noise level in the cafe grew.  It had floor-to-ceiling windows that opened on to the street.  I looked out on to the square to see it had suddenly filled with young men waving flags and shouting. Then men in the restaurant also started shouting.  I realized I was the only woman in the place.  I was very uncomfortable, and seriously considering leaving without my food, but I was no more excited about crossing the square alone.

The gentleman who had spoken in English to me earlier came over again.  "Miss, you are afraid, no? Be calm.  Our favorite soccer team has won the championship just now.  We are celebrating!  Have a beer!"  

I laughed at myself.  I looked out at the square, and now saw a community celebrating a soccer win. Young men hoisted flags high and circled the square on motorbikes, girlfriends clinging to them in the rear seat.  The young men were all wearing some version of the soccer uniform.  The men in the cafe were toasting, dancing, and buying one another drinks. And my waiter was celebrating with them.  It was wonderful!  I'm delighted to have seen it.

Drunk, yelling Mexican men are great.  I had a blast watching the celebration. I was sorry Dave missed it.  I also realized how silly it was of me to assume I was in danger.Watching them dance and drink, wave flags and ride motorbikes, I realized how important it is to understand what is being communicated to you.  I vowed to become a better listener and communicator.  And I think of that night when I'm working. Things are not always as they seem, and they are often much, much better! I need to ask the right questions, and listen carefully to the answers.  There could be something to celebrate!
The Square In The Daytime

Saturday, September 13, 2014

5 Habits to Becoming a Better Professional

Do you have a routine?  Or two?  Most of us have dozens, and we don't even realize it. Did you ever find yourself driving to work, only to remember you were really on the way to the grocer?  Your "drive to work" routine took over when your mind went to something else.  Can't do the morning crossword without your coffee?   Routine at work.

The fact that we have routines (or habits, if you will) allow our brains to direct attention to tasks and ideas outside of the one we're performing right now.  Some people look at their habits as a problem; smoking, late-night snacking, tapping their pen...  all of these things can have drawbacks.  But what if habits could work for you?  What if you just need to establish the right ones?

Studies have shown that when people start choosing to eat a healthier diet, several things in their lives change, not just their weight.  They drink less alcohol, get more sleep, take the stairs more often, and have a more positive outlook.  Why?  Eating healthier is what scientists refer to as a "keystone" habit. It's a habit that has the effect of pushing the first domino in a line.  If the person only ate a healthier diet, they would derive benefit.  But as they take control of their eating habits, they also tend to start taking better care of their health in general.  As they begin to feel better, they become more optimistic.  And so it goes.

What habits can we add to our work day that may become keystone habits?  Here are a few suggestions that will help you break out of some of your less successful routines, and may have you building a better work experience in general in a matter of days or weeks. Don't tackle them all!  Just choose one, and do it for a month.  Then, choose another, if you like.

Keep your desk clean and organized:  This will, by necessity, mean that you and your paperwork
load will have to have a plan. As your paperwork becomes more organized and timely, what else might fall into place?

Every day, reach out to a different co-worker or subordinate, and offer help: You're incredibly busy already, so why add "favors" to your daily to-do list?  Because you will quickly gain a reputation as a team player.  Your co-workers will be more likely to help you when you need it, and your projects may receive better and closer attention.

Commit to being on time for everything:  Being on time makes you look organized and detail-oriented.  It shows respect for the person you're meeting.  And in order to accomplish it, you'll have to become more organized and self-disciplined.  Where will that lead?

Keep a record of everything you do in a work day: Get specific - 20 minutes in traffic, 3 minutes at the Coke machine, etc.  Looking at the habits you already have will take you minutes per day, and will make you consider whether you spend your time wisely.  Not enough breaks?  Too many breaks? Too much time on the phone?  Buried in paperwork?  Any time to work on new projects?  Do you follow up with prospective clients who have turned you down?  Find the wasted time, and take the reins of your schedule.

Take one full minute every day to remind yourself why you do your job: Are you working to buy a new car?  Put your kids through college?  Feed your travel bug?  Don't glance at a photo of a beach, or your kids.  Spend one entire minute immersed in the details of your goal.  Don't answer the phone or drive to a client meeting.  Just sit, and thoroughly connect with your goal.  What parts of your day does that put into perspective?  What things seem more important?  What things are less important?

You're on your way.  Write to me and let me know how it works.  I'd love to hear from you!

a

Friday, August 22, 2014

Is It Time To Replace Your Sales Manager?

In sales, we rely heavily on our sales managers.  They are our cheerleaders, teachers, coordinators, and team mates.  That is, they are if they're good at their jobs.  If they're bad at their jobs, they are our critics, our nightmares, our worst enemies.  Is it time to replace your manager?

Often in a sales structure, the best salespeople are "promoted" to sales manager. Sometimes it's about seniority.  Occasionally it's a question of the boss's favorite. None of these are the best way to hire a great sales manager.

The best sales managers have five primary skills:  1) They can consistently teach others to sell the product or service in a changing marketplace. 2) They are fantastic motivators of individuals and groups.  3) They always play fairly, setting a terrific example and creating a professional tone for the department.  4) They work as hard for their team as they do for upper management.  5) They would always rather help than scold everyone on their team.

If your manager doesn't meet these five criteria, all the rest of their skills really don't matter.  Daniel Pink (author of Drive, To Sell is Human, and others) explains it well.   The best performers in any sales organization take ownership of their work, feel it is important, and have the autonomy to self-manage and develop personal approaches to their tasks and environment.  If your manager can't stimulate and support these three attributes, it doesn't matter how well they know the product, how quickly they can file reports, or how well the sales force is doing today.  

Long-term success (we all want it!) comes from ownership, pride, and autonomy.  Ownership, pride, and autonomy come from being good at your job. Being good at your job comes from clear expectations, and constant fine-tuning of skill.  And fine-tuning skills comes from a supportive, objective voice confirming your strengths, and helping to develop your weaker skills.

As a sales professional, this is the boss you want, and the environment you need to do your best.  We all know it. And when we have it, we're substantially less likely to look for opportunities outside the company.  If you, the sales pro, don't have it now, it's probably time to look for an opportunity to get it. This is your career!  You want to develop as well and as quickly as time will allow.

To upper management:  I'm not saying there's no room for discipline!  (See "clear expectations" above.)  I'm reminding that carrots and sticks have gone the way of the two martini lunch.  It's okay sometimes, but it doesn't work as a primary activity. Simple compliance is out, and motivation to comply and improve is in.  If your sales team doesn't work this way, you have a problem, because the competition's team probably does.   You don't want to lose your best people to the competition!  Give your sales team the most vital benefit they can get: a terrific, qualified sales manager.

Saturday, August 16, 2014

You Say You Work From Home?

Lots of folks claim to telecommute, or to work from home.  When you're in outside sales, or self employed, telecommuting can be a gift from the heavens.  Not needing to circle back to the office to file paperwork or talk to your boss saves a lot of time! How do you make it work?  A fast internet hookup, Skype, a smart phone, and a big dose of self-discipline will do the trick.

When telecommuters save all that driving and parking time, the boss expects even more from you! And yet, some people look at telecommuting as a "Get Out of Jail Free" card.  How do I know this? My office is in my house.  And many people wink and smile at me, with a knowing look in their eyes. "So, can you meet for coffee Tuesday at 10:30?"  Um, no.  Would they say that if I worked in an office?

There are perks to telecommuting, and I'm not going to say you should never give in to them.  If you need to file some paperwork and you see a Starbucks nearby, grab your laptop or tablet, run in, grab a coffee, and do your work.  (You'd never think twice about pouring a cup of coffee at the office, would you?)  But if you're likely to be distracted by the fireplace and a friendly neighbor, skip going in, and work from the parking lot.  (The wi-fi works great from there!)  You need to be getting more done with all that time you're saving by not commuting.

People ask me all the time, "How do you avoid wasting time when you work from home?"  There is a temptation to walk the dog on a sunny day, or or 'take a break' and catch up on my Breaking Bad addiction.  But I constantly remind myself that I only have this privilege because I don't abuse it. If my first meeting isn't until 9:15, I'm still at my desk by 8:30.  The email still needs clearing, and the phone calls still need returning.  I've just saved the travel time.  Here in Buffalo, NY, it's nice to avoid driving more than necessary in the snowy months, and as long as I'm effective from home, that works. I like being able to have my dog at my feet while I type a proposal. And I love that I only have to visit my regular office once or twice per week.  But if my performance slipped, I would be back at the office in a blink of an eye.

The reality is, some of us can't handle the temptation.  If you find yourself running errands between appointments, or putting together a pie recipe in your kitchen while you're on the phone with a client at 3pm, you're probably not cut out for this.  If you're typing reports in front of Jerry Springer, you're probably not cut out for this.  If you don't get dressed unless you have an appointment, you've let your professionalism slide a little too far.  The same rules apply to us telecommuters as apply to everyone else. Who we are when no one is watching is likely who we really are. So be terrific!

Monday, August 11, 2014

Under-Promise, Over-Deliver

It's a great catch phrase, but how do you do it?  This isn't a trick of vocabulary!

When we go out and say, "We'd like to offer you - " it means we don't offer it now. Or, "Let's aim for tomorrow." These qualified terms have nothing to do with what your client hears.  What your client hears are the phrases closest to what they want.  If your client wants the product tomorrow, "Let's aim for tomorrow" means tomorrow to them.  It doesn't mean you're going to "try for tomorrow." To the client, it isn't maybe.  It means you will deliver. If you miss tomorrow, the client's faith in you is shaken. This is the entire problem.

Good sales reps occasionally slip up and say things like, "We can sometimes get this out in 24 hrs." All the client hears is tomorrow.  She doesn't hear the qualifying language at all!  If you want the client to have something tomorrow, unless you're planning to handle all the fulfillment yourself, you need to excuse yourself and make a phone call.  Never commit to anything on a tighter deadline than your company usually can deliver.  Even if your company advertises a 2 day turnaround, if usually it takes them 3 days, say 3.  If you deliver in 2, your client is delighted her order is early.  If you deliver in 3, you keep your promises.

If your client insists on a commitment that is tighter than your usual, you need to tread lightly!  There is little worse in a sales relationship than failing to deliver to your clients.  When the client presses for the impossible you need to avoid committing without your team's support.  "I need to see if we have that in stock," "Let me check in with our scheduler," and "I need to confirm with production" are all graceful ways to excuse yourself for the phone call you need to make.  If it really is impossible, don't waste their time.  "I wish I could, but instead let's aim for  -."

When you come back to your client after the phone call to the office, tell them the truth.  If you can meet the tighter deadline or accommodate the larger order, you don't want to leave the impression that this is normal order scheduling.  If you did it overnight, or a huge order on a dime today, that's what the client will remember. Make sure they understand that you moved heaven and earth to make this work, and you're shocked it turned out so well!  "In the future, we consistently want to meet your schedule without the miracles!  Let's work out a contact system where we can anticipate your needs." It gives you a great foundation for building a solid relationship with open communication.

Only make commitments you can meet.  Make sure you build ample time into your promises to cover reality.  Every time you over-deliver on time, or quality, you build trust in your relationship with your client.  Make it a habit!