Tag - sales tips

Don’t ask to get married before courting your prospect!

Well it’s the love season! Valentines day is around the corner and love is in the air.
What would you say to a friend who said he met a great girl and after 2 dates he
was going to ask her to marry him. Though I don’t actually know your answer I
am guessing most of you reading this would say, “are you crazy?” you don’t
know enough about her, you think you are a good match but how do you really
know.
Additionally, if you are going to ask someone to marry you, isn’t it expected that
they will say yes since there is a courting period? If there were red flags you
could pick them up early and either address them or get out before it’s too late.
Makes sense right?
Of course it does. Then why in sales, are we getting to know very little about our
prospect and asked them to marry us so soon? Somehow we think in business
courting is not necessary. Well it is! A prospect needs to understand you, your
organization, get questions answered and you need to truly understand what
their real needs are, not just the ones they tell you upfront they want or need.
You need to know the whys. They whys help you customize a true
recommendation for them that reflects all of them, not just what they initially told
you wan the issue they were trying to resolve.
The courting period is the time where you really get to know the prospects issues
and how they are affecting them and their organization. I don’t mean taking them
to lunch and to play golf. That is fine but its not what building relationships are
truly about. The idea of courting should help your prospect self-discover that
he/she wants to do business with you. Yews you can tell them why early on my
giving them your ‘dog and pony’ show of all of your features and benefits of how
you can help them or worse, how you have helped ‘others just like them’.
Imaging using that line on a date….
Here are some tip in being successful in sales and frankly in dating….
1) Slow down. The courting part takes time. It is also if done well, some true
discovery is done and will help really come up with the best plan in the
end.

2) Ask great questions to get your prospect talking. I’m not talking about
questions like, “wouldn’t be helpful if you had a solution that would print
your widgets faster and for less money?: That is a leading question and a
very silly one. Do you really think they can’t see through that? No. Ask
open-ended thought-provoking neutral questions. Think of these questions
like this, if you didn’t have an ulterior motive to sell this person, what would
you ask them to try to help them with their issue? Those are the right

questions. They show that you care about the entire picture and not only
what revolves around your particular solution.
3) You must truly understand what the Clear Next Step will be at the end of
the meeting or phone conversation. Not just “Ill call you next week with the
proposal” or “Ill send a proposal to you on Tuesday”. NO! You must get a
clear date and time that you both agree to and have it on the calendar!
Your responsibility is to get the agreement of that next step, not suggest it
to them. There must be skin in the game, and this is how to test
that…BEFORE you propose anything!
4) Make sure that you have a full understanding of what they will do if you
decide to get them some recommendations based on what they need and
how working with you will solve those issues. In other words, don’t buy
the ring until you know she’ll say yes.
So is sales really like dating, yes and no. I will tell you it is more like it then
you think. Understanding people, TRULY understanding people is the key to
a successful career in sales…..Unless you have enough money to buy lots of
engagement rings.

Are Your Salespeople Riding the Wave?

The worst seems to be over but our economy is, inevitably, cyclical. Like the rest of us, it has its ups and downs. Yet, when we are in a down cycle, do you get nervous about the economy? And do other factors external to your industry, including world events (such as elections for example) cause you to tighten your belt?

Cycles in the economy and moments of national or world uncertainty are not a time for either anxiety or celebration but a time to be realistic and acknowledge that what goes up, must come down. I certainly don’t mean to be a downer but if we learned anything in the last few years I hope we learned that you need to be lean and mean all of the time, not just when the going gets tough. Your sales team needs to be able to respond to this volatility. If it does not, the competition’s sales team surely will.

During these last few months, with things seeming to lighten up, the opportunities are more fruitful. I am sure your sales team feels pretty good about themselves lately but what is the truth? If your salespeople are accustomed to having sales fall in their laps, especially newer ones, they have yet to be put to the test.

With the buying opportunities seeming to now be coming along more frequently, are our salespeople really good or just reaping the benefits of a comeback?

Right now, your sales team could be the weakest part of your company. It may not seem that way since you have most likely seen an upswing in sales, even slightly and are feeling relieved. Well don’t!

Many salespeople are showing their feathers like a proud peacock but fail to recognize that their sales in these times simply may be coming to them along with the ebb and flow of the economy but with very little true sales ability involved.

A lot of companies wait until desperate times. Then the layoffs and cost cutting begins. Smart companies do not wait. They know that they should evaluate their sales force now, finding out who has effective selling skills to utilize in the slump that may lie ahead.

When assessing your team, ask yourself the following questions:

  • What are the necessary elements for selling in a good and not so good economy?
  • Which salespeople have those elements?
  • Which of your sales people may not have the necessary skills, and why are we waiting to replace them?

If salespeople are not strong enough to make it through tough times, they probably do not belong on your team at all. Evaluate their skills. Go on a sales call with each salesperson and see how he/she performs in the real world. Another option is to have them each take an assessment that shows the skills they truly have—and don’t have*.

Hold your ground and act as though the economy were flourishing. Keep in mind that the economy is cyclical. When things are good, act as if you were looking for ways to build revenues and cut costs. Do it now, that way, you are not caught off guard when things recede —which they always do. Now is when real sales professionals can shine.

 

For further information on this subject follow the link http://www.schulzbusiness.com/interview-questions.aspx

 

* If you would like to take a free assessment for a salesperson on your team, email me at greta@schulzbusiness.com and I will send you the link.

It’s All about the Process.

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It’s about the process

 

Ryan, a software sales rep, had been having a rough day. He’d been bombarded with questions from several customers and gotten behind on work that he needed to finish before the end of the day.

He then got a call from Wayne, a prospect who introduced himself by saying: “I’ve heard great things about your engineering software package. I saw a demo about a year ago, and was not in a position to purchase it at the time. But since then, it’s become very apparent that I need to integrate it into my system.”

“Wow,” Ryan thought. “This will be easy. It’s about time something went right today.”

Then, Wayne said: “I need to know about the cost, the tech support and how soon it can be installed.”

Ryan immediately went into his pitch. He discussed tech support in detail, covered availability and other options, and explained that the price was $12,000, with 30-day terms.

Wayne’s response was unexpected. He said that $12,000 was quite a hefty price tag and he needed a couple of days to think about all of this more carefully. He’d call Ryan back next week.

Ryan did a double take. “What just happened?” he thought. “This sale was in the bag, a sure thing. He really needs it and now he’s thinking it over? He said he needed the software right away.” And that was the end of the call.

 

So, what happened? Ryan got lazy, plain and simple. He thought Wayne was sold. He thought that all he had to do was give him the information he needed, then write it up. He got fooled into assuming the sale without doing the work. He never got Wayne to talk about why he was looking now, with what seemed to be a real priority about buying the software. The entire transaction was conducted at the intellectual level, without any real understanding of the true need.

So, what happened? Ryan was lured into taking shortcuts. He mistakenly thought the prospect’s enthusiasm was a sure sale.

 

You need the time to qualify the prospect and make sure he’s real before giving out information or making your presentation.

In Ryan’s case, a couple of questions would have made a world of difference. He might have said: “Before we discuss pricing, help me understand why this software is so important. I want to make sure the application is correct for you. Would you mind if I ask you a couple of questions?”

It is so important to gather this information before you discuss price so you can truly have an understanding of not only why they want the software, but the consequence of not installing it.

Once you give away your information – whether on the phone, in a presentation or in the form of a proposal – you have given up any form of control and are at the mercy of the prospect.

Remember: It’s not about the sale; it’s about the process.

 

Greta Schulz is known as one of the best top sales speakers and trainers in Florida. She has made a name for herself in the sales training and business training community. From her best selling books to her weekly updated blogs and articles she produces nothing but the best Sales Tips for you.

For more sales training tips and tools, or to ask her a question, go to www.schulzbusiness.com or email greta@schulzbusiness.com.

 

Are Salespeople Born or Made?

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Are salespeople born or are they made? I hear this question a lot.   Surprisingly, the answer is “made.” Believe it or not, there are learned characteristics that help catapult success in sales.   And they aren’t what you think.

First and foremost, when it comes to sales success, the two most important things you have to have are commitment and desire. You have to have the desire to be successful and the commitment to do whatever it takes to get there.

That being said, the other characteristics are based on beliefs and influence the ability to sell.

Here they are:

  • Takes Personal Responsibility: Someone who lacks this trait always blames someone else (the prospect, the competition, the economy) for his or her lack of success. He has an answer for everything and an external explanation for why he didn’t get the business. So how do you test someone to see if he’s got this trait? Ask this question:

“If the economy shifts downward fifteen to twenty percent, and your goals were based on last year’s figures, how should your goal numbers change?”

  • Can Control His or Her Emotions: Someone who lacks this trait takes things a prospect says personally. He gets excited over comments the prospect makes and does a lot of defending instead of learning why the prospect said what she did. To test for this trait, ask this question:

“If a prospect say’s she’s unwilling to work with us because of a bad past experience, but you know the company is different now and has corrected the problem, what would you do?”

 

  • The Way Your Salesperson Makes His Own Purchases: This is a huge clue telling you how about that person’s selling style. A salesperson that comparison shops will empathize with prospects who do the same. Typically, this person’s number one factor in getting a “good deal” is the lowest cost. That’s trouble. So how do you test the trait? Ask this question:

“When you’re shopping for a large purchase, what’s your process like?”

There’s a whole bunch of other characteristics, but these three are interesting because most employers don’t look for them. Instead, they look for someone who’s outgoing, a “real people person”. Not only is that a not what to look for, but it can hurt you because the salesperson’s underlying beliefs are unknown.

Oh, by the way… when you ask the questions posed above, these are the answers you want to hear:

 

  1. They shouldn’t. Not at all. When the economy is good, salespeople are often “order takers”, rather than being true salespeople. Since it comes easy, they often forget (if they ever had it to start with) their real selling ability. The salesperson has to find a way to make sales happen and not accept that external factors are responsible. I wonder how your mortgage company would if you said this:: “The economy is down, so I’ll only be paying you 80% from now on.” Let me know how that one goes!
  2. Find out why and what happened. The wrong answer begins with “Yeah, but…” and defends something that not only doesn’t work, but also doesn’t get to the root of the real problem. For you to find out, you have to dig deep and ask the right questions.  
  3.  Their process should include things like deciding what he wants, going to one or two stores and    buying it that day. Why is that important? Because the more research your salesperson does and the more comparison shopping they do overrides what you teach them about getting a commitment from the prospect. They believe in looking around and comparing and if it kicks in, they’ll empathize with the prospect that says, “This looks good! But I need to look at a few other proposals.” Translation: “I’m not interested in yours.”

So no matter how friendly and outgoing someone is, don’t confuse it with the characteristics of a good salesperson. If he has some of the above characteristics, he can be taught to sell—even if he’s the quiet and reserved type!

 

 

 

 

SELL NAKED/ Telling isn’t Selling!

Jim arrived at the office of Bob Simmons, President of the ABC tool and Dye Company early so he could sit in the parking lot and review in his head what he wanted to say. Jim practiced each step of his presentation in his head and exactly what he wanted to say and how he wanted to say it. He knew that his power point slides were perfectly in order and were just want he needed to land this account. He knew what this company needed because he has called on other companies like this and helped them just like he can help this one. Jim took a deep breath and walked into the building, “I’ve got this one down” he thought and proceeded in the door.

Once the pleasantries were over Jim got right down to business. “Mr. Simmons, I have been with my company for the past 3 years and our company has been in business for over 50 years. We are the leader in our industry and have worked with lots of companies like yours and have been able to meet the needs that you have”.

“Well, that’s why I agreed to meet with you, Jim. We do have a need for a product like yours and this might be a good fit” stated Bob Simmons.

“I’m glad you did” Jim said proudly. “Our product line has the best reputation for least failures on the job therefore downtime is at the lowest in the industry which will keep you up and running more efficiently”.

“Great Jim, but our service department isn’t sure if they can retrofit your model into our existing equipment”.

“Oh I wouldn’t worry about that we do it all of the time and with companies who have bigger problems then yours. As a matter of fact I brought a power-point presentation that I believe will help you understand why we’re number one in the industry”.

After the presentation, Mr. Simmons said, “Thanks for the presentation Jim but I am still a little concerned about our existing equipment and the retrofit we’ll need to do. We can’t afford any downtime with the change or production could be compromised”.

“Mr. Simmons, I understand that is a concern but we do this all of the time and don’t worry we can handle it.”

Fifteen minutes later Jim said goodbye to Mr. Simmons and promised him a proposal in a few days. After he left, Mr. Simmons buzzed his assistant and said when that proposal comes in just round file it.

What happened? Jim ignored the real issue that Mr. Simmons wanted addressed and kept telling him what he felt was important. Guess what? No one cares what you think is important, only as it applies to them. Jim missed lots of opportunity to really deeply understand what his prospects issues were and assure him that not only he could solve the problem but help Mr. Simmons understand how.

The result? Jim may very well have the best product for Mr. Simmons but he didn’t see it that way. When a prospect gives you a hint of a need address that need by asking really good pointed questions for example;

Tell me more about the retrofit concern?

Have you had that issue in the past in looking to change products?

What happened?

What did you do it address it at that time?

How did it effect production and at what cost?

These types of questions would not only have given Jim a real insight to the issue it would have also given Mr. Simmons confidence that Jim knew and could address HIS issue.

Quick wrap up;

  • Stop telling about how great you and your company are (no one cares)
  • Ask what some of their concerns are and then dig deeper to truly understand the issue
  • Don’t be so quick with a solution, even it if is correct, you haven’t earned the right so early in the process to give one.
  • Listening is you best sales tool, not your product knowledge

Like this? Want some short weekly tips??

 

Click here for a list of great questions to ask!!

 

 

 

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