Showing posts with label strategy. Show all posts
Showing posts with label strategy. Show all posts

Tuesday, August 5, 2014

Sales Process: Just as Important as Sales Skills


When most people think about the skills necessary for success in sales, they usually think about the interpersonal skills used to successfully close sales and generate business. After all, selling is all about how you deal with people, right? Well... it's not always that simple.


Sometimes the fault for poor or less than expected sales results lies not in the people skills of the sales or customer care reps in your company but rather the sales process that has been set up. Our processes can trip us up and make it harder for people to say "yes" to us. For instance:


Recently I received a call for a phone company, asking me to change my service. Now I'm always in favor of saving money so I definitely gave a listen. I gave my email address and promised to look over the information. I had a hard time listening to the rep as she appeared to be calling from a very noisy call center.


About an hour later I got a call (again from the noisy call center) from the original rep's supervisor asking for my business. I politely told her I prefer to think about this type of decision first. She offered to call me back in 3 days. The next day, I received her follow up call. No reference to the fact she wasn't supposed to call me for two days. She asked for my order again. Now, at this point, I had realized that this offer wouldn't be a good fit for me. I didn't like the length of the contact. She immediately offered a contract of a much shorter duration. I declined the offer.


Here's why I declined the offer:
  • Why can't the first person conduct the entire sales process? Unless you have a brand new person or a very complicated product, there's really no reason for a second person to get involved. It smacks of poor training.
  • Why is a "supervisor" calling back? Wasn't born yesterday... I've worked in industries where all the sales reps had business cards that said "vice president". Come on, we know you're the closer. There are smoother ways to handle that. (see my first point above)
  • Inconsistency. If you're going to call back sooner, reference that to me. For instance "I know I'm supposed to call you back in 2 days, but I wanted to make sure you were aware of ....."
  • Offered concession to fast. If you come down in price too fast, or make any concessions too quickly, it makes people feel uneasy. "What else can they compromise on? Would I have been taken advantage of if I hadn't brought that up?"

And oh yes, get a noise canceling headset...

Obviously, these techniques get sales, but how many sales are you losing? Sometimes, we forget there are human beings on the line with human reactions. We need to be able to walk the line between passive and aggressive in order to achieve our goals. Overly aggressive sales techniques increase the odds that buyers will cancel after the "aura" of the sales environment you're created goes away. For more sales and solid customer relationships, use assertive techniques that focus on your customer's needs.m

Poor sales processes can cost you just as many sales as poor interpersonal skills. Make sure yours are designed to help not hinder.


Monday, July 14, 2014

Wednesday, June 18, 2014

Vital to Your Success 2: More Roles for the Inside Sales Manager

Motivator

It can be unnerving - sitting in a client meeting - when a top manager turns to me and begins to talk about how poor motivated the sales or service staff is.(My brain begins to signal UH OH!) Not a bad thing unto itself, but this is what usually follows: This  upper level management member says they need their managers to "Fire them up!” “Get them going!” “Motivate them!” Almost as though there is a magic wand that can be waved and “BAM!” people are motivated and productive, sales forecasts are being made and all is right with the world. Unfortunately, it doesn't work that way. There are no silver bullets, no magic pill that helps you motivate others.(sorry!) There are however, things that you can do in order to help people motivate themselves.


Experts in motivation theories will generally point out that motivation comes from within and not from without. A manager should not expect to give a “motivating” speech or incentive and expect it to work. With out understanding what is important to the employee, it is nearly impossible to be effective in motivating
them. 


A manager needs to discover what motivates each of their subordinates and create their motivational plans accordingly. It is difficult to motivate others but it is possible to create an environment conducive to motivating each rep. This is effective motivation. 


Positive reinforcement should always be chosen over negative. Most importantly, this requires managers and supervisors to get to know the people who are selling for them. Finding out what motivates people can be as simple as asking questions during a goal setting session. Some people will respond well to a lot of positive attention, some people will not. It’s important to observe how people react to each incentive. Some people respond well to certain things, others have different expectations. Don't use programs/incentives/etc because you like them - use them because your staff will.


In looking for motivators, a manager must observe their employees. Plus, keep in mind that motivations change. What motivates people can change based on what is happening in their lives. For example, a sales person who usually isn't motivated by money may become so, if something changes in their personal life which demands more cash. Conversely, some people will reach a level of earning and by satisfied by it. These sales people will not be satisfied by monetary rewards.

Tuesday, May 27, 2014

5 Key Selling Tips Every Small Business Owner Should Know


Does this sound like you?

Many small business owners thrive on the challenge of selling their services, products and ideas. Many of them come from sales backgrounds themselves. However, it is not unusual for a business owner to be a technical or subject matter expert and not a sales person. This creates interesting situations when trying to get a company off the ground.

Just because we're convinced that our products and services are great doesn't mean that others will feel the same way, too. We need to be able to sell not only our product line but ourselves as well.

Stand up straight! Think about your selling posture. A selling posture is not physical. It is, however, the stance you take in order to be closing from the beginning of your sales call. Are you ready to sell? Are you "standing" tall and alert - ready to begin the closing process from the beginning of the process? 

Have you done your research? You know you whether you are speaking with prospects and not suspects. A prospect is a potential customer whom you've identified as having a need or want for your product. A suspect.... well, that's just a warm body. Although we'll always have our share of suspects, the more you do to qualify and sell directly to people who want and/need your product or service, the more sales you'll make (and with less hassle and in less time).

Distance yourself from your products. It is true that part of selling is the ability to sell yourself. For example, being able to make people trust you, rely on you; knowing that your solutions are best suited for their needs all require that you sell yourself. However, you must be able to distance your personal self from your professional persona. Often people will seem to reject you when it's really your product... and sometimes it's not even about a rejection, it may be a bad fit or the timing is wrong. When selling you need to think as though you are selling someone else's products. Give yourself the necessary distance so that you can see clearly.

Fake it 'til you make it. Not sure you know what you're doing? That's OK, most other people don't either. If you're uncomfortable in your role as a salesperson, learn everything you can. Practice often. It gets easier.

Learn, learn, learn. Any work/job/career activity requires ongoing learning. Being able to sell your products and services is no different. Seek out opportunities to learn new selling skills and effective interpersonal behaviors.

You are the person with the most vested in your company. Being able to sell your products and services helps convince others that you believe in what you are doing. Acquire the correct skill sets and you will find that increasing your business becomes easier every day.

Thursday, May 1, 2014

Have Your Created Your Best PES?


Today I'm thinking about PES. Not PEZ (Sorry no candy dispensers, here! Dispensing thoughts only.)

PES sums up the buying experience.

P- Price Is your price competitive for your market? For your product? For your customers? Does it send out the right message regarding how you want your product or service perceived?

E- Experience What do your customers experience during the buying process? Is it easy to make a purchase? Is this the experience they are looking for?

S - Service Do you provide the customer service levels that your customers expect?


By themselves, each of these areas are important but won't necessarily force a potential customer to do business with you. It's the right combination of all three that makes a business succeed. 

Think of the downtown areas of towns that are dying. Store fronts abandoned, businesses barely holding on - while on the outskirts of town, the big box stores are flourishing. Then there are the downtowns that are flourishing. Sure, the big boxes came and created a place for themselves in the community but the savvy businesses downtown adapted. They created a new place for themselves in the community. They created a PES that made people want to continue to do business with them.

This holds true for any product or service. Sure, there are the low-ballers. They give bare bones service but the price is right and the product is OK. That will always attract some portion of buyers. Then there is the higher priced, high quality product with the great service that creates a fabulous buying experience for their customers. A portion of buyers will pay a premium to feel catered to.

Finding the right combination of PES helps you survive in an ever changing market place. Will you be able to sell to everyone? Of course not. There will always be those for whom your product or service is not the best fit. However, by using PES as a strategy to attract customers, you are sure to find your best position to succeed.



What is the Best Sales Technique?


I have a kayak! Brand new, can’t wait to take it out on the water. Now, owning a kayak means you also own other things, like paddles or a life jacket. If you've have the opportunity to read any of the literature that the Coast Guard puts out about being in any kind of watercraft of this type, you’d also know that that they consider a life jacket, also known as a personal flotation device (or PFD) a must. In all of their pamphlets, booklets, handouts, they have the same Q and A: What is the best PFD? Answer: the one that you will wear.

I thought about this in conjunction with selling (and yes, my brain does make connections that like). What is the best sales technique? The one that you will use.

There’s a lot to be said for that approach. If you are so uncomfortable with certain sales techniques that it negatively impacts on your ability to make phone calls or go out on sales calls or even ask for an agreement, than you want to re-think your approach to sales.

If you can’t use a sales technique, then don’t. There are a lot of different ideas in the world about how to sell. Some of them you will agree with, some you won’t. I've been selling and training people to sell for a long time - and I often find myself disagreeing with others about the best way to sell. There’s lots of room for different types of techniques. Because here’s the kicker: there is no one best way. There’s only the best way for you.

What will work best for you will take into account your own comfort zones and your personality preferences as well as your customers’ needs and preferences. Certain closes that will make one prospect run into the next time zone to get away from you will be expected by another. Certain techniques work better with certain types of sales. There’s a huge difference between a product sale that’s transactional vs. one that will be the start of a longer or even an ongoing relationship.

So just as I spent time trying on various types of life jackets for fit and comfort, you may want to try on different sales techniques for fit and comfort as well. After all, if you won’t use your sales “life jacket” it can’t help keep your selling efforts afloat.

Thursday, April 10, 2014

Secondary Sales Goals


A successful inside sales call has many components. The exact components making up the call will vary depending on the result you want.  First, you'll need to determine the goal of the call.  What is your ultimate goal? The usual answer is the sale. Then take the time determine your secondary goal. If you don't get the sale, what do you want to leave with? Often a sales rep will say that the only goal of the call is to close a sale. That’s a good goal, but many sales, particularly in the B2B arena, are not closed on the 1st attempt.


Not having a secondary goal will leave the inside sales rep and the telephone conversation muddled as well as make it more difficult to ultimately obtain the sale. Therefore, a sales rep must always ask themselves before a call “What do I want to get out of this. If I can’t make the sale in this call, what do I want?” Here are examples of secondary goals:

  • Discovering the “real” decision maker or other influencers
  • Finding out the “real” objections for not purchasing
  • Learning the needs and wants of the potential buyer
  • Scheduling a call back for a specific time

All are valid pieces of information you will want to further explore a potential sales opportunity. Decide on your secondary goals - they will help you find your way to your primary goal, the sale.