Archives for November 2016

Salespeople must ask questions. However, most salespeople focus on asking discovery type questions to uncover what the prospect “needs”. Then they spend time trying to differentiate themselves by telling the prospect how their product or service meets the need and in fact is better than the competition. The discovery type of question is necessary to uncover information and context for the sale, but it does little to differentiate the salesperson. This is true primarily because prospects are numb to the “pitch”.  Everyone does it and prospects either don’t “hear” it or don’t believe it. Thee is a better way to differentiate yourself.

A Sales Guy, Inc. CEO Jim Keenan explains the difference between questions designed to make your prospect think and discovery questions, which are meant to uncover information. “Discovery questions focus on the ‘what’ and are designed to identify existing needs, problems, customer pain points, customer’s goals, etc.,” he writes. Thought-provoking questions, on the other hand, challenge the buyer’s preconceptions and change how they think about a topic.

blog.hubspot.com

You need to ask discovery questions but don’t limit yourself to that. Challenge them with questions like “why did you decide not to do X when you started the project” where X would have been another course of action. Or you can say something like “Why change anything? why not keep the status quo?” When you ask thought provoking questions you will differentiate yourself and your product. the conversation will go where the prospect has never gone with your competitors and you will demonstrate to your prospect that you have a deep understanding of the situation. This will most likely change the nature of how you present your product or service when it is time to do so.

For a list of 17 thought provoking questions that only top salespeople have the guts to ask click here for the download.

Timing is everything. Asking the right question at the wrong time can send the sales call in the wrong direction. On the other hand if you miss the opportunity to ask the right question, you may never get another chance. The correct amount of patience is required to be a top salesperson. In his blog Understanding the Sales Force Dave Kurlan writes:

When there is an excess of patience it always results in the salesperson accepting an endless number of stalls and put-offs, thereby lengthening the sales cycle, and shrinking the win rate. When there is an excess of impatience, … there will be a disproportionate number of prospects who become turned off, pissed off, or offended.

www.omghub.com

Actually, the real skill is in recognizing the roper time to say or do something it is not usually in what we say or do. Here are two examples. CASE 1 – Fred, a business owner for a service company had a prospect for a $700,000 contract. The prospect was a bank and they had certain steps they had to take to finalize the deal (site visit, management buy-in, board approval, etc) there. There was no competition and the price was set. They had settled on Fred as the supplier but they still had 2 or three hoops to jump through internally before signing the contract. Fred wanted the deal in September however the client was going to close November 1st give or take a few days. When the client came for the site visit September 20th, Fred tried to close them by offering a $20,000 discount (price was not an issue or a major factor in  the decision). It didn’t work. they gladly took the discount and closed on November 1st. Luckily for Fred, they were too far down the line with him to turn back. Had he done something similar earlier in the sales process he would have turned them off and they would have gone somewhere else.

CASE 2 – Rich was on a sales call with a large prospect who showed interest in his solution. It was early in the the relationship with this prospect. He discovered during the call that they had been talking to someone else about this solution 3 or 4 months back but higher headquarters had halted the project for a time to get some approvals lined up. Rich should have asked the prospect about the status of discussions with the competitor. For instance he could have asked “why not just go back to the people you were working with before?” This could be seen as an aggressive question, but the timing was right to ask it. Before Rich spends too much time on the deal, he should know whether the prospect was committed to the other vendor and just giving him a courtesy look or if he was dissatisfied with the competitors solution. THE RESULT – He can’t get the prospect on the phone or to respond to emails and a meeting they had set up got cancelled through the scheduling software. Rich was too patient (or scared) to ask the question.

Salespeople memorize “thirty second commercials” or “elevator pitches”. They describe their product in complex and sometimes confusing terminology. However, they forget that complex ideas cannot be grasped easily by prospects. When describing what you do, shorter and simpler is better. Simple concepts, simple sentences and plain language is what the prospect will remember. When they think of you and your product or service they will most likely only remember snippets of what you tried to communicate.  Leanne Hoagland-Smith in her recent blog takes it to the extreme in distilling your product down to one word. This is more of a marketing and branding concept than a sales concept but the idea is worthwhile.

The one word equity sales pitch is the brain child of Maurice Saatchi who believes in this digital age brevity must be pushed to its breaking point. This one word is the word you want others to think about you and your company. It can be a noun, an adjective or even a verb. Saatchi provides the example of the word “search.” Who or what comes to mind. For many that entity is Google. He contends today only brutally simple ideas get through because they “travel lighter and travel faster.”

processspecialist.com

In sales you should spend most of your time listening to your prospect. but when it is your turn to talk, deliver our message in clear and simple terms relating your solution to the prospects problem. If you get too complex or try to sound too smart , you run the grave risk of losing them and not getting your message across. The main thing you want prospect to remember is that you understand their problem and have a workable solution. Distill your message into a few simple concepts and deliver them in a simple and straight forward way and assuming you have listened to the prospect, they will remember you or your product. They may not remember the details. But they will remember that you listened and your solution sounded like it will work.