Sunday, May 17, 2009
6 Steps to Closing the Sale
Business Sales Leads
When talking about business sales leads, it is important to understand the buyer, and to create a customer through this understanding. Buyer behavior studies can play a pivotal part in this regard. A lot of time and effort have been spent on this relatively new discipline. And every buyer-study has unfolded some new dimension of this discipline. The subject has been approached and analyzed from different angles and under different premises. Different inferences have been formulated. But the subject, too complex to beat, still remains a theorem without a proof.
What motivates the buyer? What induces him to buy? Why does he buy a specific brand from a particular shop? Why does he shift his preferences from one shop to another or from one brand to another? How does he react to a new product introduced to the market, or a piece of information addressed to him? What are the stages he travels through before he makes the decision to buy?
These are some of the questions that are of perennial interest to business firms regarding the sale of their products. It is around these questions that the product and promotion strategies of the business firm ultimately revolve. In all of their strategies and plans, firms make assumptions as to how the buyers would behave and respond to marketing programs. Knowledge of the buyer and his buying motives and habits is thus a fundamental necessity for getting business sales leads.
It needs to be emphasized at the very outset that there is no unified, well-defined, tested and universally established theory of buyer behavior. What we have, today, are certain ideas on buyer behavior. Some of these ideas have taken their cue from economics, others from psychology and yet others have drawn cues from several of the social sciences simultaneously.
Business Leads provides detailed information on Business Lead Lists, Business Leads, Business Sales Leads, Free Business Leads and more. Business Leads is affiliated with Sales Lead Management. Article Source: http://EzineArticles.com/?expert=Ken_Marlborough |
Saturday, May 16, 2009
Let's Take the Fear and Mystique Out of Selling!
Face it â" nobody likes cold calling. Most of us cringe when we hear these words â" we tend to conjure up visions of a vacuum cleaner salesman reaching in and pouring cigarette ashes on the rug before we can get the front door closed.
In recent years, many small businesses have been founded on the premise that the World Wide Web will make personal selling obsolete and unnecessary. The truth is: unless your product or service is cutting-edge with few competitors, you will have to sell it! And by selling it, I am not referring to impersonal Website selling; weâre talking belly-to-belly, folks!
Listen, I realize that some of you get nervous at the mere thought of having to âcold-callâ strangers. But wait - this isnât so scary as you might imagine. Letâs evaluate a somewhat âsofterâ side of selling from a systems perspective.
The plain truth about selling is: we all do it. You do it. I do it. Your significant other does it. And believe it or not your kids use selling techniques on you all the time. Anyone who has accomplished anything in his or her life has had to sell people on an idea or the value of a project in order to get there. Thatâs right â" they sold someone on the idea of helping him or her. The problem is that in our society we have a skewed idea of the true value of something that in reality we use all the time! The truth is: selling is an accepted and necessary social activity, when conducted in an honest, straightforward way.
Before we can begin to develop a systematic approach to selling, we must come to terms with the following truths:
1.Selling is a necessary activity that creates value for both seller and buyer.
2.You should not try to sell to someone who doesnât yet see need or value in your product or service.
3.Trust and confidence are the most important components of the selling relationship. They are a challenge to obtain and remarkably easy to lose.
Letâs take a look at each of these in turn. To begin with, you must believe in the value you and your product or service can provide to your clients. If you donât believe in your own value, you wonât come across as sincere when you talk to people about it. People donât buy anything from insincere people. So if you feel that salespeople in general are simply devious predators, get over it! The truth is, selling is a necessary and vital activity that brings solutions together with problems to the benefit of all concerned. You are an expert in your field â" a problem solver. Think of yourself as a vital component of your potential clientsâ chain of success. Doesnât knowing this foster a more positive self-image than that of a door-to-door vacuum cleaner salesman with a can of ashes? (My apologies to vacuum cleaner salespeople everywhere!)
Now that you see yourself as a problem-solver rather than a salesperson, letâs look at truth number two. Weâve all heard sales trainers stress that you must convince prospective customers that they need your product or service. While it is true that most people have problems that require solutions, itâs also true that folks simply donât like other people they donât know telling them what the right solution is. I stress the phrase, âpeople they donât know.â This is key, and an important component of truth number three, which Iâll address in a moment. So how do you get prospects to see the value in your offering? Answer - try a more collaborative approach. Begin by striking up conversations with potential clients in neutral situations. Examples of neutral situations include meetings of fraternal (Rotary, Kiwanis, Jaycees) and trade organizations (your industry or professional specialty probably has several of these, possibly with local chapters), which you should join if you are truly serious about growing your business; business âmeet & greetsâ; community volunteering opportunities; and certain family events like your kidsâ sports and extracurricular activities. These are all opportunities to meet local business people who have problems that will benefit from your solutions.
I know â" you donât want these new acquaintances to think of you as one of those (see âcan of ashesâ) people. However â" and this is important â" if you want to be successful, you must be continuously promoting your business. No one will do that for you, unless you can afford a public relations officer and an expensive ad agency. Accept this as a fact of business life.
So how should you approach someone in a neutral environment? First of all, get to know the person personally. Try to find a common personal interest you can discuss together. After all, youâre both at this event, right? So you may have more in common than you think. Next, ask the other person what they do for a living. Try to draw them out and get them to be specific. Asking leading questions and listening actively will help you determine if your product or service is applicable to their situation. If it isnât â" well, youâve at least possibly made a new friend and confidant, and whatâs wrong with that? If you do find that your new contact might be a problem you can solve, donât jump on them with anything that smacks of âsales pitchâ at this point â" youâll just turn them off. Instead, explain briefly what you do and take this approach: ask the new contact if you can meet them (over lunch, golf, tennis, in their office, racquetball, dinner, or whatever works) for a few minutes to get their thoughts on what they think of your business and your approach. Donât sell- instead ask for a little consulting help. Make them feel that you genuinely value their advice.
Once you have set up the meeting, show up intending to involve the other person in your business. Let them get to know you personally first by sharing personal information about yourself. This begins the process that is brought to light in truth number three: trust and confidence are what get you new business â" not hard selling skills. Whether you know it or not, by allowing the prospect to get to know you a little, youâve already begun the selling process. Keep it soft â" donât pressure your prospect too much. At the same time, be listening for opportunities to show him or her what your capabilities are. Be ready with testimonials: stories of projects youâve worked successfully that mirror your prospectâs situation. People like stories; they add credibility and make it easier to relate problems to solutions. Draw out the prospect â" remember this rule: if youâre talking, youâre not selling. Become an active listener. Successful salespeople only do 25 percent of the talking in a sales interview. Now that you have established rapport and begun to develop a personal relationship, itâs much easier to discuss the solutions you are selling and relate them to problems your new acquaintance may be experiencing. This is not so scary, is it? Hereâs a recap of this client-generating âsystemâ:
1.Join business and professional organizations and get involved in their activities. In addition, be aware of the potential for making contacts in other social situations.
2.Approach the people you meet as a person who is worth knowing personally first. Invite them to get together socially in a neutral place.
3.During the meeting, strengthen your personal relationship before getting to business.
4.Next, ask them what they think of your business; ask the prospect to act as a casual âconsultantâ to your business.
5.Once youâve established a personal relationship, the trust youâve nurtured makes it much easier to talk with them about the business solutions you are prepared to offer.
For small business owners, new business development can be a daunting task. Taking a low pressure/ non-aggressive approach toward developing new clients can be quite rewarding; it certainly is considerably less threatening for both you and your potential clients. It also makes more sense than the hard sell, âashes on the rugâ approach we all know and dread. Next time, try the friendly approach â" I think youâll be surprised how effective it can be.
Brian Cushing is a sales trainer, college professor, and author; his firm, Peddlesmarter.com, helps small businesses develop and manage new customer relationships through promotional and sales training activities. Contact him at: boxstep052@sbcglobal.net
Choose a price that sells! (Part I)
Remember High Tech can equal High Touch
Friday, May 15, 2009
Blame The Salesman!
As I was enjoying a beer with a longstanding friend recently, we got to reminiscing over the many good sales people (and some not so good) that we had known, individually and collectively over our long and varied sales careers.
Apart from the âWhere is he now? Wonder what heâs doing?â theme that threaded its way through our conversation, we somehow alighted on the rhetorical question, âWhy do some excellent sales people fail to perform with certain employers, and conversely, why do some apparently mediocre sales people achieve noteworthy success at certain times in their career?â
Iâm sure the question crosses the mind of every sales manager or director at least once a day. We didnât have a clear cut and agreed answer, of course.
We looked at each other, deep frowns on our middle aged foreheads, and attempted to answer this conundrum, dredging up all of our accumulated knowledge on the subject.
Pros and Cons
âNot enough or inappropriate training?â
âPoor motivation?â
âNo aptitude?â
âDoesnât smile enough?â
âGood listener?â
âGreat closer?â
âGets to the bottom of the customerâs needs?â
âCanât articulate the USP?â
âSticks to the sales process?â
As we droned on a light began to dawn as we thought deeper about our puzzle. Not a blinding flash of light, more like the gradual cranking up of a dimmer switch.
Perhaps we had been looking at the problem from the wrong point of view. It had been hardwired into our psyche. We had been indoctrinated to believe that any fault in failing to meet a sales target was singularly down to the sales person.
It must be, surely? If you failed wasnât it a matter of attitude (must always be positive, regardless of the fact that your dearest aunt had popped her clogs that very morning), or circumstances (why, oh, why did Superspeed Logistics have to be taken over by Global Dropshippers), or territory (why did they give me Grimsby), or target (what planet are they on? This is 20% up on last year and I worked my backside off to make that) or longevity in post (Ronâs been here forever, knows all the wrinkles, and plays the system), or plain old cronyism (Benâs always sucking up to the boss, even goes out socially with him and his missus; he gets given all the plum prospects).
They all seemed logical. They all seemed plausible. They are all only part of the story.
They are all only part of the story because we know (and you do to) that there are many exceptions to such obvious causes.
The normal process in our experience goes something like this:
Chief Executive: âWe promised the market to improve our shareholder returns this coming year. Now chaps, what this means is that we have to sell more. As we all know margins on our current product range are reducing, and it will be some time before we get the new stuff on to the streets. So we need more sales of what we have. Correct, Charles?â
Finance Director: âSpot on Robert. All the projections show that we need a 20% increase over last yearâs sales. That should do the trick.â
Chief Executive (looking menacingly at the Sales Director): âAny problem with that, Richard?â
Sales Director (sheepishly, fingers crossed behind his back): âEr, no. I think we can manage that.â
An over simplification, naturally. But you get the gist. Of course, for those of us sales people who have been around this particular block many times, and putting power politics aside for the moment, we all know what the problem is.
It isnât the Chairman. Heâs from a legal background and the world of selling is a complete mystery to him. But he does know that he and the business wonât survive without sales. It isnât the Finance Director. Sales belong to that line on his spreadsheet that simply makes everything look good, or bad.
Then it must be the Sales Director (a 'he' in this case). Itâs his job to âmake the numbersâ so if he fails to do so, itâs as plain as a pikestaff where the blame lies. Plus heâs got a wife and kids and a huge mortgage to support (after all, he is a salesman). This seems like the situation on a plate of bacon and eggs - the chicken is involved but the pig is committed.
Let me explain. When businesses (either newly founded or setting their forward goals) do their business planning, the Sales Director is usually a party, but in many instances as a bit player. At some point he will be handed a figure, cast in stone, not dissimilar to the manner in which Moses received the Tablet on Mount Sinai. Except there will only be one, very visible commandment. And he wonât, I stress wonât, argue with his particular boss over whether itâs right or wrong. Trust me on this. So, he is the involved chicken in this situation.
Heâll then decide that in order to make this number heâll need a plan. Now, our Sales Director is a very well educated and savvy man and he knows he will need a strategy in order to convince his people to climb yet another massive obstacle, higher even than the previous one which left him with a surprising number of casualties. So he has his number, he knows how many sales people he has, and he knows that his resellers can hardly be asked to provide more than a nominal increase in contribution. So his maths in theory is simple. Take the figure handed to him from on high, subtract what he feels can be contributed by his resellers, and then divide by the number of sales people. Easy! Everybodyâs happy! Until a reseller goes bust, or his best sales person leaves to go to the competition, or his products are in the declining part of their lifecycle. Or motivation levels hit an all time low.
Now consider his involvement as the pig, metaphorically speaking of course. Maybe, just maybe he can get his own number accepted first. He will need to present a thoroughly researched and substantiated plan to succeed. So he builds his strategy house, but this time from the foundations up. He asks himself some telling questions, the answers to which remarkably, are often absent from the business plan.
1. Do I have an agreed, documented sales strategy? If not, why not? And if I have, is it truly connected to the organisationâs business plan and will it stay that way?
2. How well does the Management Team understand my strategy? Have I explained it to them fully?
3. Do I know what our target markets are? Have I focused my people in the most profitable areas?
4. How well does the Management Team understand our unique selling propositions in each market?
5. How is our sales revenue performing in each market? Do I know why the French love our products and the Germans wonât touch them?
6. How are our distributors/resellers/agents sales revenues performing? Are they motivated to sell our products?
7. Do I have a consistent and well understood method for setting sales targets? Do my team buy into the way I set targets?
He wisely decides to become connected to the rest of the organisation and marshal his thoughts around what will be required to impress his boss.
The problem is he is too busy with the day to day operations to do it alone.
So what is the solution?
The real person that this story is based on hired a sales improvement specialist to assist him and his Management Team. Their brief was to develop a strategic sales plan; to assess his organisationâs capability to carry out that plan; and to develop or confirm his Go To Market strategy.
So now there is science behind his number and buy in from the board (who have been actively involved in developing the plan). The Sales Director in this story now has a detailed plan to measure progress against. If things don't proceed as expected he will have an early warning, in time to identify the cause and make the necessary adjustments. Now, sales scapegoats should be the only redundancies.
Contributor Paul Chiswick FInstSMM is MD of sales improvement specialists B46 Consulting. Tel: +44 121 748 4138 paul@b46.org http://www.b46.org
Your Timing Couldn't Be Better!
Suddenly gripped with a vision of what I wanted from his company, I seized control of the conversation and asked the salesman whom I should talk to about my idea. He was startled, of course, that I was turning the tables in the middle of his presentation, but he complied.
A few calls later, I was speaking to, and pitching a guy, who after hearing my idea volunteered, âYour timing couldnât be better!â
I love that phrase, because it symbolizes what is tremendous about selling, especially when youâre doing it, unconventionally.
When you take the initiative you literally make things happen. You create something where there was nothing. You amalgamate the most intangible things we know, a goal, a concept, your words, a telephone connection, and the next thing you know, youâre doing business with a person who was a stranger, mere seconds before.
What can be more exciting than this?
An artist, who rummages for discards and then assembles this erstwhile junk into something interesting or beautiful, is no more creative than you are, at such a moment.
The key to all of this joy and success is to be prepared to pitch anybody, at anytime.
Iâm really fond of taking calls that are made to me, and injecting into them my own agendas.
There are several advantages:
(1) You can find out a lot about the company that the caller represents because salespeople are talkers and you have one on the line;
(2) As the callerâs perceived âcustomer,â heâs going to be more polite and patient with you as you do the Vulcan Mind Meld with him than he would be if you had actually phoned him;
(3) If youâre really persuasive, heâll do a hot transfer on the spot, connecting you with someone who can provide even better information as well as tips for selling to the firm; and
(4) Youâll sound loose and relaxed, because youâre sailing in their wind, and you know it.
Win, lose, or draw, turning the tables is great practice, and it pumps you up.
Youâll know youâre getting pretty good at it when you start hearing, âYour timing couldnât be better!â
Dr. Gary S. Goodman © 2006
Dr. Gary S. Goodman, President of Customersatisfaction.com, is a popular keynote speaker, management consultant, and seminar leader and the best-selling author of 12 books, including Reach Out & Sell Someone® and Monitoring, Measuring & Managing Customer Service. He is a frequent guest on radio and television, worldwide. A Ph.D. from USC's Annenberg School, Gary offers programs through UCLA Extension and numerous universities, trade associations, and other organizations in the United States and abroad. He is headquartered in Glendale, California, and he can be reached at (818) 243-7338 or at: gary@customersatisfaction.com.