Tag Archive: pitch

Sales Thought – A Plan to Finish

by Nick Miller of Clarity Advantage

In which we are reminded to prepare a plan to finish our sales processes.

“So, are we going ahead, then?”

This question asked of me by Kyle, a bank residential mortgage specialist. I had called him for information about his bank’s lending procedures, closing costs, time frames, etc. etc. etc. and rates. I’d called him, specifically, because (1) I use one product from his bank and (2) their rates are among the best in the market at this point. My other option was to apply for the loan with Bob, a specialist who has assisted me with multiple refinancings during the 30 years I’ve lived in Massachusetts. His rates and terms weren’t quite as good. I’d called Bob first, then Kyle.

“So, are we going ahead, then?”  Kyle had heard a pause – the slightest waffle in my voice as he finished sharing his information.  I was feeling the impact of some loyalty to Bob.  I was thinking, “I want to think about it.”

Sales Thought – An Early Lesson

by Nick Miller of Clarity Advantage

In which we are reminded to focus first on relationship and value demonstration, then on the commissionable task.

On a spring afternoon long decades ago, we sat almost knee to knee in a hotel lobby after a sales and marketing conference we’d both attended. She, leaning back, almost lounging, on a hotel lobby couch. I, sitting on the edge of an arm chair, facing her, leaning forward. She reached into her purse, fished around, and pulled out a pencil.

“Sell me this.” Her eyes barely moved.

I looked at the pencil. It was a standard yellow wood #2 pencil that, in her hand, looked as big as a shovel.

“Come on,” she purred, extending her pencil-bearing hand toward me. “Sell me this pencil. It can be anything you want.”

Sales Thought – Home Ice

by Nick Miller of Clarity Advantage

In which we are reminded that, to win in a competitive situation, we need to build our fan base inside our prospects’ organizations well before we make our move to sell.

The Boston Bruins (National Hockey League defending Stanley Cup champions this year) began their training camp last Friday.  The seventh (final) game of their 2011 Stanley Cup series against the Vancouver Canucks was electrifying hockey, whether one was rooting Bruins or Canucks, and Boston’s win at the end was a surprise because… .through the first six games, each team had won on its home ice,  the seventh was game was played in Vancouver, and, in the National Hockey League, home teams win 59% of the time. Home ice advantage.  Fifty-nine percent!

Shocked?  Well hang on. If you’re a National Basketball Association fan, home teams win 62.7% of the time.  Almost TWO THIRDS of the games are won by home teams.  Home court advantage. And it’s about the same in the WNBA as well. Amazing, eh?

Sales Thought – Totally Concrete

by Nick Miller of Clarity Advantage

In which we are reminded to clarify terms we don’t understand before presenting ideas.

One person’s golf is another person’s word play – meaning, I love a good pun as much as my golfing friends love a good drive or putt.  I love rough puns a lot more than my friends enjoy hitting balls into the tall grass.

Anyhoo, a couple of weeks ago, during the “warming up” stage of a conference call, a few of us on the line began fooling around with puns and plays on words we remembered hearing from our elementary school children.

One of the group offered:

Two fish swim into a concrete wall. The one turns to the other and says, “Dam!”

The folks on the line guffawed appropriately.

Another offered:

Sales Thought – Old Habits

by Nick Miller of Clarity Advantage

In which we are encouraged to ask others to help us identify and correct old habits that hold us back.

From the “I can’t believe I’m going to tell you this story and you probably won’t either and there won’t be many secrets left after I tell you this one” department: for several decades, I have had a problem eating. Actually, I haven’t had a problem “eating,” as in chewing, swallowing, and enjoying the multiple benefits of a balanced diet. I had a problem getting food into my mouth reliably. (I can see my spouse and children rolling their eyes now.)

Sales Thought – Simple, Neat, and Incomplete

by Nick Miller of Clarity Advantage

In which we are reminded to step back and look for the broader picture before we pitch solution for the problem we’ve just heard.

Watching classroom sales training role-plays is a little like watching football teams practice without pads…  Low intensity.  Move through the motions.  Nobody trying too hard to take anyone else out.  Still, an observer can get a general sense of the team.  Essential tendencies shine through.

So, as I was watching and coaching this particular set of “pad-free practice role-plays,” I saw an essential tendency.  As the “sellers” in the role plays heard a bit of information that suggested a potential need for a product, they would say, almost reflexively, “if I could show you a way to…”  or “we have a product that would help you….”

No success without access

By Harvey Mackay

Over the years I’ve asked a lot of people what makes a great salesperson, and the answers are fairly predictable:  passion; persistence; personality/likeability; planning; trustworthiness; strong work ethic; drive/initiative; quick learner; goal-oriented; good communications skills; sense of humor; humility; good timing; strong at building relationships; and follow-up (or as I say, the sale begins when the customer says yes).

My own answer is always the same:

Sales Thought – The Quality of the Question

by Nick Miller of Clarity Advantage

In which we are reminded that the value we create in our sales conversations is proportional to the quality of the questions we ask and whose interests we are attempting to serve by asking them.

This is a story about a sales call. A  very experienced, productive (among the top 25% of his sales force) commercial banker took me on a call to one of his customers.  Since rates are low and many banks are urgently seeking to lend money, the lender wanted to refinance the company’s building which, today, is financed by another bank.  The objective of the call was to gain the company’s agreement to consider a proposal for refinancing the building.

The lender opened the call by indicating he wanted to discuss refinancing the building,  then worked through a series of “fact” questions (how much is outstanding on the existing loan, when is the maturity date of the current loan, how big is the balloon payment at the end, what’s your current interest rate, who’s your attorney, when  do you want to close), then led the conversation as follows:

Sales Thought – A Little Excitement

by Nick Miller of Clarity Advantage

In which we are reminded that we need to market (attract attention) before we can sell.

Last Saturday morning, after early morning dark clouds and rain, I left my office in West Concord village to tackle Saturday morning errands. Turning left from my office drive way, I  reached the first intersection, stopped to look both ways for traffic, and noticed…

People on the sidewalks, both sides of the main street, huddled around tables, kibbitzing in clumps, as far as the eye could see. “Huh,” I thought, feeling curious. “I wonder what THAT’S about….”

Sales Thought – It Isn’t Only About the Money

by Nick Miller of Clarity Advantage

In which we are reminded that our clients make decisions to change based on a broader set of factors than cost savings and that, sometimes, cost savings isn’t even first on the list.

I answered the ringing phone at 5:15 pm. Every sales rep’s dream, right? Get to the senior executive after 5:00, when the gatekeeper is gone? The sales rep at the other end of the line, Jamie, sounded a little startled to hear my voice.

Jamie: “Mr. Miller?”

Me: “Yes.”

Jamie: “Um…er… This is Jamie Enders at Vital Communications. I’ve been speaking with your assistant, Carla.”

Me: “Yes, I’m aware of your conversations.”

Jamie: “Oh, good. Well, I’d like to come in to meet with you for 20 minutes to show you how we can save you money on your phone bill.” [This meant: "I haven't been able to convince Carla and I'm hoping I can persuade you."]

Sales Thought – Selling the Strengths

by Nick Miller of Clarity Advantage

In which we are reminded to sell the strengths we have rather than those we wish for.

On Saturday, I invested a day with my family and a few friends to join fellow citizens for some tornado relief. We drove west to a pretty Massachusetts town, a portion of which hard- hit by the early June tornados. We became “Team 5,” assigned to assist a homeowner clear her property.

If you looked at the overhead map of her street, you would see trees… acres of trees… so thick that no perennial flowers would grow.  Her house sits close to the top of a hill on a street that the tornado apparently liked, for it crossed the Connecticut river and, moved straight up her street and over her hill.

Sales Thought – Stir ‘Em Up

by Nick Miller of Clarity Advantage

From the “Unreferred Approaches to Prospects” Department: We are reminded that we can’t pitch our benefits to prospects unless we first get their attention.

Pitching benefits to prospects is a complete waste of time

I was at the office pretty late Friday night. Tooled into the house around midnight. Why? Email. LOTS of email…combined with “Nick’s Rule of Roughly 20” which goes something like, “You can’t leave the office Friday night until there are roughly 20 or fewer emails in your email box.”) Needless to say, Friday night is NOT a big date night for me.

However, on many Friday nights, I am delighted because my email box has filled with cold-approach prospecting emails. And I read all of them.

And, do you know what I’ve learned? Pitching benefits in those cold approach emails is a complete waste of time… IF… the email senders want me to pay attention to their messages. Their benefits and whoop-dee-doo roll into an indistinguishable drone:

  • Decreased X  by over 10% in the first 3 months of engagement
  • Increased Y  by 23% in 5 months
  • 30% – 40% decrease in Z  year over year

True, but completely predictable and, therefor, booooooooooring. Will not get prospects’ attention.

What to do differently?

Sales Thought – No Bonehead Mistakes

by Nick Miller of Clarity Advantage

In which we are reminded that even small mistakes can fatally undermine our credibility and effectiveness with prospects.  

So… I bought a new pair of shoes from an on-line provider.  Not your basic New England conservative black or ox blood penny loafer, mind you. No! Shoes with MUCH more style and swing to them – enough that my very socially-aware son commented, “Nice shoes.” Life doesn’t get much better than that. Really stepping out.

And, being the care-taker that I am, I wanted to know how to maintain and care for the shoes, The leather is a little different from what I’m used to. So, I went to the manufacturer’s web site, found the “contact us” page, wrote my questions, and sent the message to the company.  A big company, I might add, a very well known, been-around-a-long-time shoe company.

About 5 minutes after I sent the email, I received an email from the company, in return. “Ah,” I guessed, delighted, “a confirmation email” which read, when I opened it…

Thank you for your inquiry.

Sales Thought – Can’t Get There from Here

by Nick Miller of Clarity Advantage

In which we are reminded that a certain amount of flexibility in sales conversations is helpful, even if it ain’t what we expected.

“Who knows how to get to the airport from here?” asked our client 

We had finished our meeting a little early and walked slowly from the office tower to the parking lot, a distance of several blocks, enjoying a softly warm early Spring day – our client, one of my colleagues, and me.

We eased into the rental car, me in the back, client (driving) and colleague in the front. 

 Neither I nor my colleague knew the way to the airport so our client pulled out her GPS device and programmed it. I did the same with mine in the back seat, saying something like, “Oh, I’m happy to do this so you have your hands free to drive, here we go.”  

She finished her programming a little before I did and her GPS voice instructed us to “continue on” for two blocks and turn right. Mine, on the other hand, suggested a left turn.

Sales Thought – It’s A Trap

by Nick Miller of Clarity Advantage

In which we are reminded that 1 pound of discovery is worth 10 pounds of recovery if we make assumptions and present solutions too early.

At least in the movies, somebody would have called out to me, “Nick!!! Stop!  It’s a trap!”

I received a call from a prospective client with whom I had been communicating, on and off, for several years. I had met him a couple of times, face to face. The conversations were… a little awkward. Something about control… physical positioning in the room… couldn’t quite put my finger on it… never felt they were good calls… felt imbalanced. 

So, anyway, I was sitting at my desk one day and the phone rang. I answered and, to make a long story short, he said: “we have been using another vendor for several years. We are looking for something new to help us reach the next level of selling and I don’t think the existing vendor can help us get there. Do you have anything that could help us?”

Barely able to contain my delight after asking a few questions about the situation, I replied,