New Years resolutions are a waste of time. That is, they are a waste if you only do it once per year then forget about them two weeks later. Goal setting and commitment are NOT a waste of time. In Fact, they are a necessary and invaluable part of your growth as a salesperson. BUT, (and it s a big BUT) you have to do it consistently throughout the year. Set goals, review progress, stay committed or renew your commitment. It is not a once a year thing.
How and Why they do it is More Important Than What they Do
January 17, 2017 by
Image courtesy of: sonson
Salespeople love to understand what people do. Then they look for a place to interject how their product or service will help them do it better or faster or in some way that will benefit the prospect more. In other words they ask superficial questions then they pounce with a presentation on the value they can bring. But if you really want to uncover whether the prospect has a compelling reason to buy it is more important to discover how and why they do things than to merely understand what they do. Look at these two examples of a sales call on a company for the purposes of selling access to CRM which exists in the cloud rather than on the servers of the company.
SCENARIO 1 – Salesperson – What are you using now?
Prospect – We use a xyz system which we house on our servers.
Salesperson – Let me show you how we can improve efficiency by giving you access from anywhere and we have reports that give more detail ….
Scenario 2 – Salesperson What are you using now?
Prospect – We use a xyz system which we house on our servers.
Salesperson – Why did you choose that system? ANSWER: It wasn’t too complicated and had a custom report capability
Salesperson – How do you update the system? ANSWER: Our three users do it as changes occur
Salesperson – How often is that? ANSWER: about 4 or 5 times peer day
Salesperson – How do you get reports? ANSWER: The VP’s assistant runs them bi-weekly just before the staff meeting.
Even in these simplistic examples you can see that the why and how questions give you more and richer information and will lead you uncovering whether or not there is a compelling reason to buy or not. At the very least it will change what you focus on when you describe the product.
The Two Group Technique
January 10, 2017 by
A simple direct way to determine if the prospect has a compelling reason to buy is to define two groups and ask them to put themselves into one or the other. This binary choice leaves no doubt whether they have pain or not IF (and only if) you set up the groups correctly. It is a simple technique just define one group that has pain and one group that doesn’t and ask you prospect to put themselves into one or the other. This video illustrates how it might sound when you say it to a prospect.
Don’t Argue With Your Prospect
January 6, 2017 by
This may seem like an obvious point, but
you may be arguing with your prospect and not realize it. This sales tip discusses how your prospect may view your interaction as a debate and explains how that will defeat your purpose. Remember that your main purpose is to find pain, and pain is emotional not logical. Getting stuck in a logical “discussion” may cause the prospect to harden their position. If that happens you may find it hard to move the sales process forward.
Are You Confident Enough To Be Humble?
December 8, 2016 by
Confidence in your ability and in your solution is necessary to be effective in selling. However, confidence can be interpreted as arrogance if you are not careful. When you are in the discovery phase of the sales process you need to be humble enough to ask questions with a sincere curiosity to understand the perspective of the prospect. Anyone can uncover the intellectual aspects of the problem that the prospect has, assuming that they have one. Only a person with the humility to understand that they do not know how this problem or situation affects the prospect personally will be effective at uncovering the real compelling reason to buy. Humility is required to refrain from prescribing a solution while they seek to understand the personal pain of the prospect. An ability to anticipate the problems the prospect might have coupled with the humility to ask questions, is essential to earning the trust of the prospect and truly qualify the opportunity.
Are You Asking The Wrong Type of Question?
November 12, 2016 by
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.
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.
Are You Too Patient With Prospects?
November 10, 2016 by
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.
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.
Declaring Your Honesty is Not Always the Best Policy
November 2, 2016 by
Honesty in a salesperson is to be expected. However when a salesperson utters the phrase “to be honest” before making a statement or answering a question it throws up a red flag in the mind of the prospect. He or she thinks “wait, what about the other things she told me, was she being honest then?” In most cases this is just a verbal tic. You say it without thinking and without meaning it literally. Sometimes it is just a way of being apologetic about what you are going to say. But in any case just eliminate it from your vocabulary. It may not be easy, but earning trust is hard enough without throwing questions into the prospects mind needlessly.
What Do You Want Prospects To Remember?
November 2, 2016 by
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.”
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.
Never Say “Trust Me”
October 27, 2016 by
Trust is important in Sales. However, one way to way to hinder your ability to develop trust is to use the phrase “trust me”. the immediate reaction of most people when they hear that is to ask themselves “why is he saying that?” the best way to develop trust is to be honest and authentic. Have a conversation with the prospect and you will develop trust naturally. Trust is something you earn. It grows over time. It is not something you have to ask for. And if you have to ask for it, your prospect may become suspicious of your motives.
