Category - selling

The New Normal in Business Development

May 11, 2016

B2B, best sales speaker, Business, Sales, Sales Speaker, sales training, selling, Top Sales Speaker, Uncategorized

The New Normal in Selling

What’s the new normal when it comes to developing business? This is not the old ‘ask a few questions, give your features and benefits and trial close’. The 70s wants their slick sales guy back. Today you need to be smart, curious and a true consultant to sell. Here are a few things that today are imperative in business growth.

1) Tell the prospect its OK to break up….Rejection is a result of trying to sell someone your product or service as opposed to tell them you what you are calling about, let them know it seems that because of what they do you could potentially work together, but (pull back) you don’t want to assume that you are a good fit. What you’d like to do is ask a few questions to see if the two of you are a fit and if not, we decide it’s a NO then we only wasted a few minutes? Sound OK?

This allows you to give a NO as an option right upfront. Then you have asked for it as opposed to a prospect pushing you away and that is the rejection.

2) Mining for customers is different today. Networking is the true key to finding and keeping customers but most people do it wrong. Networking events ate not for direct prospecting! Recognize this scenario?

“Hey do you guys use promotional products? here’s a sample, we can really help you!!”..” NO! Instead I say go to an event and look for Strategic Alliances, people that you can refer business back and forth to as opposed to hitting your potential prospects so hard. We all know building business on referrals is the best way to do business so lets network for good alliances that you can refer business to and that is a good source for your referrals.

3) Research should be used for credibility. Research is essential today before you pick up the phone and call anyone. No excuses! The most important reason to do your research on their web site, Google etc. is to create good, quality questions to ask them to engage your prospect in conversation and truly understand their needs not to tell them that you’ve researched their company and since they do this, we can sell you that…

4) If you need to discount to get the business is almost always a result of onof these things. a) The customer doesn’t truly trust you/your product or service so there is only price to use as a differentiator or b) you haven’t truly understood the need for the product. I know need seems simple but it isn’t.

What are they trying to say? What impression are they trying to leave, howdo they want to be seen? What are they using it for? There are lots of questions to not only understand what a prospect needs but the true deep-down ‘whys’. Asking questions will let you also gain credibility and trust but not Selling and truly asking and listening….

5) Listen and shut up!! Wow! If I could teach people that are in sales/business development to ask questions and listen there would be a lot more success in business!

Telling isn’t selling…but it comes from a good place. We are excited about what we represent and want other to be excited too but excitement doesn’t sell, questions and true engagement does.

Long ago we were taught to ask a few questions and when you hear a “ buying signal” jump in and tell them you can help with that and how. NO!

When you ask a question, wait for the answer and whatever the answer is, especially if it may be something your product or service can help with, the best next question is, “tell me about that”, then SHUT-UP!!!

Greta Schulz is President of SchulzBusiness, a sales Consulting and Training firm. She is a best selling author of “To Sell IS Not To Sell”. One of the Best Sales Speakers, She has a Second Edition “To Sell is Not To Sell” Out NOW

! For more information or free sales tips go to www.schulzbusiness.com and sign up for ‘GretaNomics’, a weekly video tip series or email sales questions to greta@schulzbusiness.com

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New Book, To Sell IS NOT To Sell, 2nd Edition!!

Are you selling the book or the movie?

December 14, 2015

Greta Schulz

B2B, Business, Marketing, Sales, Sales Speaker, selling, Top Sales Speaker

I’m going to try my best to do a great benefits statement so the customers know exactly what we do.” We put so much time and energy into coming up with this big introduction/benefit statement, but, honestly, it’s not as important as any of the other things that we do.

This thought is on the mind of most salespeople. They feel that they have to have some great, two-sentence explanation of what they do, and that will help sell it.

Now, it is important to summarize what you do, but that is not what sells. Let me illustrate this point. Think about the last time you read a book, and then saw the movie. Which is typically better? Well, almost everyone I talk to says the book is better. Why is that?

When you read a book, you have the ability to create what the scene looks like, what the characters look like, even the voices and sounds therefore the story becomes yours. When you put something in your own brain, you are able to create what it looks like, and what it sounds like, and what it feels like to you. You attach more directly to the story because it becomes your interpretation of the events – as opposed to some producer and director’s interpretation. This is the same reason why telling someone what you do and the “features and benefits” of your product or service is much less powerful then asking great questions and getting them to see how it can help through their own eyes.

When you tell someone why they should work with you, what the benefits are, what the advantages are, those are your interpretations of the benefits or the advantages that you offer. When you ask really good questions to get people to think about what is important to them, it is their idea.

Ask if they had success in a particular area, or how you can change things. It is this kind of thought-provoking questions that allows a prospect to see the advantage, on their own, your product is supposed to bring. So, asking questions is really much more important than coming up with an important benefit statement.

There are a couple different types of questions. Big-picture questions are thought-provoking questions that get the customer talking about the overall situation. For example, talk about the goals they set for the organization, and where they are along the line of those goals. “Right now, it is (plug in the date) and if it were one year from today and you were to look back and say, it has been a very successful year, what would have to have happened?”

Another might be: “What are the things that you fear the most over the next 12 months, and what are you doing to avoid them?”

The key is to ask big-picture questions and get people to think. The successful questions ask people to think about the answer and put themselves in that place before they do. Big-picture questions are typically used at the beginning of the conversation to get a prospect to open up sooner. You listen to the answers carefully and move through the conversation successfully.

The second type of question are what I call advantage questions. They come directly from what you believe are the advantages of your product or service. For example, if you sell advertising in a very high-end magazine, you might say: “Talk to me about how you get in front of high-income individuals now.” Then a follow-up question like: “If you had the ability to get in front of more of them, what would you say?” Again it forces them to think about not only being in front of potential clients that they’re trying to get in front of, but it has them think about what the message would be. It begins to develop where you’re going to go with your recommendations or proposal in the end.

So, rather than you telling them what they can do with your product or service, this allows them to come up with their own picture of how they might use your product.

Remember, when you go to the movies, it is purely the director and the producer’s interpretation. When you read a book, it’s your interpretation of those words, and you have the ability to create your own picture. It’s much more effective when it’s yours.

Top 10 Sales Mistakes

December 7, 2015

Greta Schulz

B2B, online sales training, online selling, Sales, Sales Speaker, sales training, selling, Top Sales Speaker

10) Not pre-qualifying a potential appointment before you commit to going on it. I still hear people sway, “I go for the appointment, if I can get on front of them I have a better chance of selling it”. You also have a better chance of wasting lots of time on nothing but an opportunity that has a high chance of going nowhere.

9) Not allowing the power of silence. Silence is an important tool in negotiation. It is powerful because most people are so uncomfortable with it that they will speak again before they allow the prospect to answer. When you ask a question, allow the prospect to have time to think about the answer. If you don’t, you have lost control of the conversation and more importantly, some people need time to think before answering, for those people, you have interrupted their train of thought. Stop talking!

8) Not uncovering the next steps clearly enough. Some of us are sharp enough to know that we should ask what the next step is when on a sales appointment but there is more to it then that. For example if you asked the question, “If I come back with a proposal you like, what will happen next?” (good question by the way) and they say, “we’ll move forward” you would probably assume that means sign the deal…are you sure?? Move forward could mean lots of things so make sure you understand what it is specifically.

Don’t assume it means sign the deal without asking because you know what happens when you assume.

7) Putting a proposal together before understanding all that should go in it. I am floored how many people still do the show up, ask a few questions and ask for the “privilege” to come back with a proposal. What exactly are you proposing? Don ‘t get caught up in the “if I can show them all the great things we do they will buy” syndrome. They will buy what is relevant to them and only then!

6) Not utilizing relationships they have in the community to form alliances to help get them introduced to a potential prospect at a higher level then they may be able to get to alone or by just cold calling.

5) Defending your product or service. If someone asks why you did something or your organization made a particular decision, don’t defend the decision, ask why they are asking? Don’t assume you know why. You can get yourself if deep trouble that way.

4) Not asking for a referral because you are uncomfortable. This is an unbelievable reality to me. The #1 complaint I hear from salespeople is they hate cold- calling. Then get yourself out of the cold-call business and start asking for referrals. The two reasons why we don’t get more referrals are: 1) we don’t ask and 2) we don’t ask properly! You must be specific about who and what you are looking for. No one knows better the
n you what a good referral looks like.

3) Don’t set an agenda for a meeting. If you are calling on someone and you go in with the attitude that you will “wing it” you are in trouble. No one respects your time if you don’t respect theirs. Set an agenda, discuss it with them at the beginning of the meeting and get their agreement. They will also be on the same page with you and not an adversary.

Don’t give the “features and benefits” of your product until you know they are relevant to them. Don’t assume they are because you “know his/her industry. Assuming is a mistake in many ways. The most damaging is not letting them tell you the issues they are having before you make your recommendations. Even if they end up being the same ones. People need to be heard.

not Shutting up.

5 Things; Getting ROI from Sales Training? Free White Paper

November 30, 2015

Greta Schulz

B2B, Hiring, online selling, Sales, Sales Speaker, sales training, selling

Unfortunately, too many businesses are currently caught up in the trap of being too focused on short-term cost-saving measures, rather than looking at the big picture and investing in their business. So, most are not putting their sales staff through a disciplined and strategically focused training program.

Today, they have to know exactly what to do to be successful in building their business. There is overwhelming focus on products and services, and not nearly enough time and attention being focused on the process of sales. The question is: Are you getting your ROI from training?

There’s a lot that goes into selling besides going out and making calls. Before, there was what I call low-hanging fruit that was easily gathered by salespeople who were nice and friendly. People liked them, and if they had a choice, they spent their money with them.

Today, people are a lot more selective about how they spend their money. They’re looking for professional experts, true consultants to help them build their business. Sales training should be more detailed than just an initial one-day training. Here are five things you can look at to build a successful sales force in this new economy:

Have the right management process in place. Organizations often take their best salesperson and make him the manager. This is a big mistake. If someone is an excellent sales person, they often have the traits that will make an awful sales manager. Management traits are very different than salesperson traits. It’s important to remember: Just because somebody is a good salesperson, it doesn’t mean she is going to make a good sales manager.

Focus on the salespeople’s activities. I often hear CEOs and sales directors say: “I don’t need to know what they’re doing when they’re out there,” “It’s not important for me to know what they’re doing every day” and “What’s important is to make sure that in the end they make their numbers.” That’s true. Activities are not just knocking on a door or picking up a business card and making a call. What it’s about is giving them the tools to help them understand what they are doing right and what to change.

Lack of true sales skills. We have often hired salespeople because, when they come in, they’re very friendly, very outgoing and we believe that personality will help them sell for us. That is absolutely not true. We need professionals who understand your products and services in a way that will help potential prospects ask the right questions to uncover what the real needs and the real depth of use would be. The depth of the question is what’s important, and the true professional salesperson understands how that value will be seen by the prospect, as opposed to a salesperson who is out there just being friendly and meeting people. It is not about glad-handing; it’s about being a true expert.

Lack of ongoing reinforcement. We tend to hire salespeople that have either sales experience or, more often, industry experience. Often, people with industry experience are bringing negative baggage with them. My recommendation: Find a process that you believe fits with your organization, that is the most professional and that you can track at every point in the process. Once you have that, have all of your salespeople use that process. It’s too difficult for you to manage salespeople when they each have their own way of doing things. They need to use their own personality and style, but within an approved process that matches well with the philosophies of your organization.

A poorly defined process. Make sure the process your sales department is using is the one that you feel most comfortable with. What are the pieces it should have?

First, it needs to have prospecting. There’s a variety of activities that people do, and you need to understand what your salespeople’s strengths and weaknesses are. They all need to have activities that need to be done all of the time, not just when they’re not busy.

The second thing is they need to prequalify every phone conversation. How often do they spend time in front of people that aren’t qualified – can’t make a decision, don’t have budget, don’t have enough money – and putting proposals out there and then following up. That’s not good for anyone.

And third: What are they doing when they are on the appointment? Are they actually interviewing the prospects, as opposed to just going in and telling them how wonderful the organization is and hoping they see an opportunity?

It’s very important to make sure the process is followed the way you want it to be. It needs to be an interview. After that, there needs to be a true discussion about dollars – about budget or investing. If that doesn’t happen, you don’t want to waste time on a proposal.

The next part of the sale process you want to look at is: Are they following up properly? Are they recapping the conversation and the commitments both sides made to move the relationship forward? Typically, a follow-up note or email from a salesperson says, “Thanks so much for the opportunity to speak with you. These are all the things we do, and aren’t we terrific?” That’s not what it should be. It’s a professional recap of what the conversation was, and the last step is your recommendation to the prospect based on what they said was important.

I hope that you’re taking your sales force, which is one of the most important things you have to grow your business, very seriously and spending time, energy and money on getting them trained properly. If not, you might as well just close your eyes, throw stuff against the wall and see what sticks. How’s that working for you?

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5 Issues That Prevent Optimal Sales Performance